to put out numbers as well. >> and we got "techcheck" coming up, right? exciting. >> yeah. really exciting to see to see the debut of this new tech-centered show, which is going to kick off right now. that does it for "squawk on the street," "techcheck" starts right now. stay tuned. ♪ good monday morning. welcome to the premiere of "techcheck" our new show about business technology on cnbc. i'm carl quintanilla with jon fortt and deirdre bosa what a news day to kick off our premiere microsoft another bold announcement and tech policy and regs key issue at the moment

intel's pat gelsinger joins us ahead of the white house chip summit today and uber announcing a new cycle high on mobility joining us in another "techcheck" exclusive. de >> can't wait for that and also covering the biggest stories and opportunities for investors. today alibaba shares surging following a huge antitrust fine. tesla higher after an upgrade and bitcoin closes in on another record high ahead of coinbases listing this week. much more on all three of those stories. jon? >> today's most important thing in tech, though, cloud and ai investing in mccaicrosoft $20 billion bid. microsoft second largest acquisition ever buying nuances, important step in expanding microsoft's

presence in health care and cloud transformation moving from a consumer focus when it started deeper into industry where the competition is nuance to pave the way for deeper relation. s isn't cloud and ai even outside of health care the $16 billion number represents a 23% premium over friday's close if you don't include debt, $16 billion and you see impact on nuance stock this morning up about 17% more from our interview with satya nadella later in the hour, but, carl, this is exactly the kind of story that we are centered on here on "techcheck." the meaning behind it. you see nws in the cloud bigger than everybody else if you're microsoft, if you're google, if you're ibm, if you're oracle, how do you catch up? the game is not just top-line growth it's also profit if you're satya you're probably

thinking how do i leverage my strength in enterprise, in software to get more value to customers? this nuance play going deep in health care is one attempt to can do that. >> that's a great point, jon we talk so much about the size of the players the giants in technology, but, de, talking about an industry as large and complex as health care, it's the ecosystem that is going to be more important than any single application certainly that's the way nadella tried to frame it with jon this morning. >> yeah. a good point you know, health care and big tech has always been fraught with obstacles think back to google's project nightingale. a project to collect personal health care data of so many. didn't exactly inform patients a controversial step there you had amazon's with berkshire hathaway and jpmorgan shut down after three years. jon, ibm and watson didn't pan out exactly the way i think ibm would have hoped with some of

its customers, but is this the right moment we'll talk about it later. can microsoft pull this off in f temples of antitrust achieve what other tech giants have been slow to do in the health care sector, seen as the next big front in big tech where they can go to after search, advertising, all of these other businesses, cloud, that they've been so successful in. >> deirdre, a lot of them pushing, i think with the traditional players especially a lot of them will try to steer clear of m & a in certain cases. go deeper into it in others. but i think really what it comes down to is the different strategies for growth. how well they can create these case studies that show real productivity enhancement especially during this time assess we are heading out of the pandemic we hope. businesses are open to completely changing the way they do things, and making big investments. speaking of big investments,

let's talk about semiconductors. the president is set to meet the ceos of alphabet, samsung, dell, gm and others top of the next hour in a summit calmed ed toca address the global chip shortage one joining us, pat gugelsingern a "techcheck" exclusive. chips, u.s., domestic manufacturing, and think intel first and foremost recently you announced you're starting with a $20 billion investment in foundry and building that capability here. what do you want to hear from the biden administration and what do you want to say? >> well, jon, first, great to be on the show. great to be with you and the team great to be on the inauguration of "techcheck" with you. you know, for our discussion with the white house today and with the president, clearly we've seen the motivation on the part of the chip act, and now it's time to get that funded so getting the funding in place

as we've seen as part of the administration's job act proposal, we think that's a great thing to get under way, because we have to start building more capacity across the world. we've become way too dependent on too small of a footprint in asia need more balance by chain announced last month in arizona ready to put in place in the u.s. and so critical that the administration, that we see congress step forward. get this funding in place. start that acceleration of the industry because these take years to build up we have to build a more diverse supply chain, leading capacity, trailing capacity, solve the auto industry shortages as rapidly as possible, but build long-term flexibility as well. >> pat, tsmc and samsung are companies based in asia that do have significant domestic chip fab presence here in the u.s

is there a particular benefit that the administration should look at to having not only domestic chip manufacturing, domestic fabs, but fabs that are run by u.s. companies in particular >> we believe so very much the case that we want to have the r & d, the research, ownership of the technology. not just the manufactures by american companies on american soil to us that's part of what we mean by a more balanced footprint across the world and leadership in core technologies, in semiconductors, are foundational for every aspect of the digital lives we're all experiencing, and everything we've seen through covid is we were on a path, jon, of more of our lives becoming digital and covid accelerated that dramatically. it isn't just manufacturing. it's control and influence on the total technologies that go behind it, and that's what we believe is essential to be considered as part of today's discussion.

>> pat, help viewers understand, everything you're saying seems like a no-brainer. more self-reliance on infrastructure more self-reliance on chip supply where is the friction going to come from as the policy is formulated what is the opposing view? if you could even think of one is it the dollar, the cost >> yeah. we do think there is, you know, certain aspects of this that i should say is a no-brainer, right? underlies every industry, american competitiveness oh, this is so straightforward but also been a view that, hmm, how much of this is industrial policy versus just letting the markets decide also, you know, hmm. building factories in the u.s., but the interlechtual property is controlled elsewhere, is that okay just say this is the time. the u.s. used to be 20-plus years ago, at 37% of global supply today we're at 12% and headed to less than 10%. this is like the most critical

technology and we're going to lose control of that supply chain? we must act not. not only flatten it but start the rise and i believe our moon shot to be a third of the supply of semiconductors should be back on american soil by american companies and we're excited to see that response, but there's bipartisan support for this approach in the government and we believe that needs to be the ka is in europe. a balanced supply chain, leadership technology so critical for every aspect of our nation's leadership and covid has just accelerated that dramatically. >> right and pat, it's deirdre. good morning. >> good morning, deirdre. >> shares gone down and asia increased. this morning chinese tech giant huawei pointed to the u.s., blamed the u.s., for the global chip shortage. talked about sanctions leading to stockpiling i wonder how much you think a role sanctions played and what the easing of them, would it help the shortage but come at the cost of national security?

>> we believe there is a set of challenges here that need to be considered we've always been very much aligned with free trade, supporting that on a global basis, and we do believe that our ability to conduct business in europe and asia and china, if they want to buy our products, please, let them build and our products allows me to invest more in r & d and we see national security as well. part of the near-term semiconductor challenge is building the supply chain to meet the national semiconductor needs of our defense, of our 5g in infrastructure and not just the auto industry. we see a full set of are things back to the same thing that needs to happen. more manufacturing, we need more r & d on critical technologies, on u.s. soil, that's exactly what's at center of the discussion today. >> pat, talking about chips driving the future let's talk about driving it literally. talking to uber's ceo a little

bit later, and you, your mobile eye unit is announcing a deal today for autonomous driving and transportation not sure how squarely this fits in talk about where it does fit, the degree to which you might spin mobile eye out and the degree to which autonomous driving is an example of the very sort of technology that you think the u.s. needs to build up chip resources for. >> well, one of the things about mobile eye and as a common method team first they are just killing it doing so well as a business, and underlying the platform that they're building is silicon. huge amount of silicon and things like lidar, based on silicon and ai resources so we have ai acceleration so so much of what they're doing

is leveraging the rest of the company. i'll say, boy, you know, is that a business that we want? man, seeing a huge expansion and acceleration of their initiatives because they leverage the rest of intel for that i'm thrilled to see what they're doing the announcement you referred to, jon, building autonomous delivery capabilities on the mobile eye platform and starting to see incredible momentum on many of the car manufacturers betting on mobile eye. so huge efforts there. and it really is the underlying silicon technologies it's the ai, the mapping platform, but then also being responsible where's to the safety system and how you make it truly acceptable in a balanced view of safety and risk and how that's built into the platform just doing so well and i have no intentions to consider any other path than the one we're on today and i would expect we'll find other business areas like mobile eye that we're

building up silicon, world-class software and ai capabilities to become more verse itic centric in different markets because you truly need a total end to end view from the platform through the software and partnering with those who deliver solutions to the marketplace. quite excited about today's announcement, all right. heard it here first. ib intel staying from the driver's seat with mobile eye thank you. pat gelsinger. >> great guest, jon. by the way, launching a new show, we want you to know we want to hear from you. soliciting views from viewers. write in and participate it brings us to this morning's crowd source in your opinion, what story in tech does not get covered enough you can tweet us @cnbc p nbc

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a gut check on tesla this morning. cannaccord takes it to a buy

1071 talking about what they call a several-year lead in evs and aggressive expansion into energy storage as the catalyst talk to the analyst in the last hour he said the street might make a mistake thinking it's all about cars. >> a lot more to that story. meanwhile, big news from uber announcing march was the best month for growth bookings in the company's history as company benefits from the broader economy opening back up. dara khosrowshahi, ceo of uber joins us now in another "techcheck" exclusive. dara, great to see you and welcome. >> thank you congratulations on the new show. >> thank you very much now, i know that bookingses are booming but supply that's the number of drivers on the platform remains an obstacle uber is spending $250 million on incentives for drivers is that enough are you willing to spend more if necessary? >> well, we certainly are going

to lean into supply. it's a great problem to have and this is not only in terms are uber mobility business but the delivery business continues to boom as well. we talked about annual run rate exceeding $52 billion. and i think most companies in the world will want to have more demand than supply so first-class problem to have but we're asked leaning into supply, and earnings that are drivers are earning, are pretty extraordinary. you've got in new york incentives drivers earning average $37 an hour. same with honolulu or philadelphia they're great flexible earnings opportunities. people are getting out again and reopening, i think it can be great for everyone involved. >> all right so to be clear, dara, are you willing to spend more if need be down the road? >> well, we are absolutely

looking to balance supply and demand, and if we need to continue to lean in to bring drivers out into, say, earnings opportunities, we'll do what we need to. >> dara, good morning, and welcome. when i think about uber these days i think about doordash. because they seem to be on this, perhaps, more profitable trajectory than you guys, traditionally with fewer resources and lean being into a subscription model and partnerships to drive that what do you do, not just in response, but as part of those same trends around beefing up subscription, the loyalty of your customer base to enhance profitability down the line? >> difference of uber than really any other provider out there is our unique position in allowing people to go anywhere and essentially get anything that they want in the local city that they live in, and also on a

global basis we have a truly global position that no other competitor either in mobility or in delivery has. and this allows us to lean into our subscription product as a subscription, not just for delivery of food or groceries or pharmacy, or alcohol, and also subscription to getting discounts on mobility, and on a global basis so we have local competitors on mobility local competitors in delivery. it's a growth business i think a lot of people can succeed. but we are in a unique interfranchised position than any other players out there. >> dara, cramer had nice things to say a little more color, had you on the announcement lurch to hear more and we asked you about potential for cannabis to be folded in. new york state made moves on that front and cuomo talk and

letting delivery services expand that so more can participate is that pot boiling now? >> we're theyed about the acquisition and have to go through obviously review to make sure that the acquisition is appropriate and we're confident about that, but that will take time and for us, drizly is all about what we call our fast and frequent strategy. which is, what are the types of deliveries that a high percentage of consumers are going to want delivered fast into their home, and are quite frequent and we think obviously food, grocery, pharmacy, and alcohol are part of that category. drizly is absolutely the category leader in the u.s. and we think our global profile can help them expand outside of the u.s. at a vastly accelerated pace as welling. w when the road is clear for

cannabis and federal laws come into play we're absolutely going to look at it. right now with grocery, with food, with alcohol, et etera, we see so much opportunity out there and we're going to focus on the opportunity at hand. >> dara, this morning you also reiterated your 2021 adjusted ebitda profitability target, but i wonder i know a lot of people wonder, when is uber profitable after overhead is that quarters or is it years away are you able to make even a very broad estimate or say you'll even get there >> well, when we talk about adjusted ebitda profitability, getting there this year, we need profita act overth -- includes businesses we're leaning into, losing money and investing because opportunity is so big and then we will have businesses like our mobility business that are a bit more mature, where we have stronger margins essentially able to fund some of

these growth businesses. we think we're going to have a combination of profitable businesses, we're going to have a combination of businesses that are very, very early in their growth trajectory, that is going to set us up for long-term top-line growth and margin improvements first improvement we want to get to is overall profitability and we're confident we will this year. >> last question on regulation in the uk recently you guys reclassified drivers as workers. characterized it as turning a page critics, however, called it sort of a half step, because they're not full employees one of your competitors in europe is actually making their drivers full employees in places like the uk, france and spain. the ceo wrote not long ago, how can we employ tens of thousands of people when this is apparently impossible for others in the exact same business just ask you to respond to that and tell us if that could ever be in your future?

making drivers full employees? >> well, we want to give drivers what they want and over and over again drivers in the u.s., drivers in the uk, all over the world, they want the flexibility that comes with using your system. if you employ someone on a full-time basis, you're not going to be able to give them the flexibility to work whatever hours they want. to work with competitors if they want to. to work wherever they want work around the home or come into the center of the city. 75%, 85-plus percent of drivers want that flexibility. the workers designation in the uk actually looks very much alike to our position of independent contractor, getting maximum flexibility to work for us and also giving them benefits sump as health care benefits or time off, et cetera. we do believe that this worker designation is the best of both worlds, and the most important

thing is, it's actually what drivers want on a system. >> right perhaps not what regulators want anyways, dara, thank you very much for being with us on our debut. dara khosrowshahi, ceo of uber. >> thank you. and coming up, what satya nin a nadella told us. >> and sits on microsoft board investors reid hoffman on cryptocurrency, artificial 'stelligence and what trends he setting that's coming up after this break. down. ♪ but entrepreneurs never stopped. ♪ and found solutions that kept them going. ♪ at u.s. bank, we can help you adapt and evolve your business, no matter what you're facing. because when you close the gap, a world of possibility opens. ♪

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it is news update time rahel solomon has it. >> hello start near minneapolis more than 100 people pro tested after a black man was shot dead during a traffic shot police violence. 20 stores were looted as a

result just miles from where derek chauvin is being tried in the death of george floyd. in georgia, three police officers shot and wounded. suspect dead following a police chase early this morning police say they stopped the car for going 111 miles an hour on the highway before the car stopped and then took off again. iran accusing israel of sabotaging a key nuclear site. media reporting the country's spy service is behind what knocked out the power at the uranium nuclear plant. and britain's parliament holding a moment of silence to remember prince philip members of the royal familible paying their respects this morning also back to you. welcome back to "techcheck." new home for tech coverage here on cnbc. i'm deirdre bosa with carl quintanilla and jon fortt and julia boorstin joining us as we will frequently with great

reporting and interviews first a quick look at stocks tech under performing. tesla top of the s&p and the nasdaq apple lower by more than 1%. and check out bitcoin. nearing another all-time high. which julia, a good point to turn it over to you. >> thank you so much, deirdre. this week's biggest debut besides ours, of course, is coinbase, coming in a direct listing. our next guest isinvestor, in coinbase and joins us now. greylock founding partner and linkedin founding partner reid hoffman. thanks for joining us in our first show today. >> my pleasure and honor i look forward to camping the show regularly. >> now, before we get into crypto read as you sit on the microsoft board i wanted to get your take on this big deal, microsoft buying nuance for $16 billion. what do you think that

microsoft's ownership could do for nuance in expansion of its capabilities having seen it yourself, having solded linkedin to microsoft >> linkedin, we saw an amazing combination of the kind of network that was already built together with amazing platform technologies microsoft brings. in the case of nuance and health care, assure and ai services that are a part of it, all a part of accelerating that digital transmission of health care, which i think obviously, pandemic and other things, a super important thing for overjot society. one of the other things i learned on the linkedin side, how good satya and his team are at actually integrating companies. both operationally, culturally a great job with linkedin weeken weeand with gethub. looking forward to the integration of nuance. >> you've sat on the board many

years. this is a big investment in ai something i know you've been very invested in for a long time now. why do you think microsoft is making this investment >> artificial intelligence,nolo software transformation of industries with all the data and almost kind of like self-programs, accelerated programming ai happens, this allows you to take basically almost every industry to kind of a new level with what software can mean. everything from analytics and decisions, quality products and seeing that, for example, i'm on the of opi, trn mations of games and gp3 is available, and a set of companies, i think 300 start-ups already using it that gives you a sense how much

ai is going across all industries already. >> reid, so fascinating. i know this is something you're very much watching that expansion of ai, but i want to make sure also to get your thoughts on coinbase of course, you invested in about to do a direct listing you yourself have done ipos and have sparcs. tell me, why do you think a direct listing makes sense here, and what can this tell us about the coming trend how companies are increasingly wanting to go public >> i think there are three great paths. ipos, direct listings spacs. they choose differently for different companies. you know, i'm not on -- privy to inside discussions at coinbase, in terms how they decide direct listings but classically direct listings are kind of like the, what we actually just want to kind of put this out there in a way that kind of is, is everyone's participation right way. you don't have a classic lockups and other kinds of discussions

from the other paths, and it, the companies that do this already are so well known from leading industry perspective i think successfully, the ones that do this, that i think that, that that's kind of the why people choose direct listing there's a reason to choose any of the three and any company going out that's well -- well-positioned for the public market, it's a good thing and i give them a free pass. >> reid, certainly a lot of talk about coinbase's big move this week the idea that this move to go public would be a direct listing could really represent a tipping point for cryptocurrency w w where do you see cryptocurrency going from here? >> in crypto, one of the things i did, wrote an article in 2015 about how the cryptocurrency is a transformation that is not just currently, but assets and platforms.

platforms leading the smart contracts. this is part of realizing that this is part of the infrastructure now that part of the coinbase saying, hey, chumley impacting cryptocurrencies exist, will continue to develop. there will be a range of them and they will serve different functions. one of the things obviously we've been seeing in the last kind of couple months is this kind of really amazing and mind-boggling thing around non-fungible tokens, referred to at nfts. greylock made two undisclosed investments. we think it's one of the many areas in crypto that new things that people haven't seen before will be developed. this is actually a part of a course with greylock tech investing, is what are the absolutely new things or re-inventions of industries that cause, you know, kind of like new products and services that, you know, make our lives better. >> well, reid, i'm very interested in hearing more about

that, and the nft investments made hope yew come back and tell us more about those time for one more question i want to ask about voter suppression in georgia you were on a call about this issue with other business leaders. what do you think the role of businesses of ceos is right now on this issue? >> toop o often the notion of business, say nothing about politics they don't realize actually a pro-society, pro-business non-partisan approach about key things that have us be a healthy society. stability in the rule of law an ability for everyone to feel like they're enfranchised in the democracy is actually a pro-business topic i think it's very important business leaders realize they are leaders in society they should speak up on these kind of topics saying, no, no. actual impact trying to rejigger voter laws to make certain classes of voters impossible or much, much harder to vote is bad

for society, and, therefore, bad for business this isn't a partisan issue. this is isn't red versus blue. this is an american issue. and business leaders should be american leaders here to say you this is what's good for business to have a healthy, stable democracy and therefore speak out against restrictive voting laws. >> well, reid, we appreciate you joining us on our debut day of "techcheck" to talk about these issues and hope you'll come back very soon to talk more about crypto and those nft investments. thanks for joining us. >> delighted. coming up, the presumed clubhouse hack that seems met a hack. first, listen to "techcheck" on the go. download, subscribe and enjoy the "techcheck" podcast available now on apple spotify, stitcher and more. we're back in just two minutes.

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the forward starts with us with our mission to empower people in organizations and in this it's about health care. about the patients, it's about doctors you it's about health outcomes and nuance and the team has done a fantastic job taking

perhaps the most defining technology of our times, artificial intelligence, applying it in the most critical of industries, health care, and doing if also with a platform-first, partner-first approach for us at microsoft to bring everything we've bdone in health care over the years and decades with nuance, with partners is what this deal is all about. >> microsoftal ceo satya nadella joining us right after the bell on a nuance application. that deal is the second largest in microsoft's history after linkedin, and it leads to discussion, i think, of a few issues, carl one, you know, size. we can get caught up in what's bigger aws or azure or google cloud, et cetera, et cetera. i don't think it matters android is bigger than ios, ford bigger than tesla. i think the deal deals with in

part where's the value across industry in ai, in cloud, and what tech company is going to do the better job at addressing those problem-solving value questions with artificial intelligence and data-based platform that's what microsoft is trying to do here. >> i agree i think, de, we spent a lot of time talking about the players themselves and not the overall nationwide conundrum of driving efficiency in the health care system's it's kind of, i think of the "avengers" like fighting thanos and they need a thor and a captain america shield may be one of them >> but avengers or villains? what other tech giant would be able to get the deal done? look at the scrutiny that google and amazon and facebook and even apple to an extent are under

versus microsoft feels unlikely to go out and get a deal of this size done what other big companies are doing this salesforce see then on a buying spree you're seeing some companies flying under the anti-trust radar using it to their advantage and splashing out in terms of m & a but it makes you wonder what existing tech giants are doing are they able to do this organically? >> hmm. >> you know? apple has a theory amazon hasn't done a lot with alexi. microsoft has cortana. right? that's sunsetting on mobile. is this sort of also a sign that perhaps they couldn't do it organically? >> i don't know. i mean, i think this is a tried andtrue enterprise growth strategy at certain stages i don't think apple would do a deal of this size. i mean, it's a big deal for them when they did that $3 billion deal for beats amazon, pill pack, sure, in the

cross hairs right now. it myself have trouble doing a deal there's still a lot of smaller deals getting done and some companies, that's a little, carl, more of their speed. >> yeah. we'll see. i mean, it's obviously bedeviled groups like haven, jamie dimon mentioned earlier in his letter. keep your eye on qualcomm. evercore down grades stock saying had a good run. competition heating up think the 5g halo played itself out. that call and others are only on krckr k krn -- cnbc.com. we're back in a moment. in real time from anywhere, the future works better. microsoft surface devices with teams, orchestrated by cdw enable employees to stay productive when working together, with high-quality audio-visual features designed for natural collaboration. so your team always captures every detail.

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beyond. >> that full piece is online now. take out your phone. check this out, and scan this qr code on your screen that will take you to our website where we'll post or our signature pieces, extra content and daily tech briefings just take out your phone and use your camera to scan that qr code and you'll be linked to our brand yu website jon, i don't think we've seen the end of nfts. though some of the air come out of them recently. >> we haven't. and the bar code works, even from far away. going to be great. nfts underscoring general bullishness surrounding crypto overall. price of bitcoin with another record high this morning just close to 60,000 we got the coinbase debut coming up a lot more "chec itechk"s straight ahead stay with us.

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the company does not expect any material impact on the company from the fine, and dee, the tape seems to agree maybe on the notion that the government has had its say and there may be no more new surprises coming

>> if you look at its sister company, you can see how bag the regulation smackdown could be, but in this case, it came out suggesting that the probe was not a sign of winter is coming, but signaling a new start for the industry, so that would sort of suggest that maybe its work here is done alibaba can continue to grow and operate mostly as it has been. jon, probably a good sign for some of the other tech giants, too, sort of lesson learned here there was some worries this could be a wider andy trust crackdown on china's tech giants that have grown to be enormous they're inspired, but it's really okay. i think there is a crackdown in happening, legit, there also

seems to be an authority flex going on you know, jack ma was awfully loose with his pins and no people are wondering where he is half the time? he's certainly not as mouthy, deirdre. >> that's a good question, jon i wonder if he sort of learned his lesson and you won't see him being that outspoken that was one of the great things about jack ma, the unfiltered truth, but after this, what kind of voice does he become? moving on, the chip summit set to kick off at the top of the hour meantime, two online date games getting some love, initiating bumble and upgrading match, both as buys.

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just renew it? yeah, sure. hey there, small business owner. pie insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? get a quote in 3 minutes at easyaspie.com. wow, that is easy. so, need another reminder? no, no no, i'm good. uh, yes please. oh. ho ho ho, yeah! need worker's comp insurance? get a quote in 3 minutes at easyaspie.com. one more thing in today's tech news, live audio start-up clubhouse firing back against claims it's been hacked.

the personal data of 1.3 million users appearing online over the weekend including details like names, social media handles. clubhouse's official twitter had this to say -- it's not been breached or hacked the data referred to is all public profile, which anyone can access this news makes the company the latest -- only the latest in a string of high-profile data links after both linkedin and facebook saw data scraped last week all three companies denied there was any problem. and maybe that is the problem. >> yeah, when you can't agree on what a hack is, the semantics around the work "hack" then you're having difficult trouble trying to regulate, make sure it doesn't happen again every day we'll be asking viewers to weigh in on on a

topic on tech and twitter. today's question was -- what story does not get never coverage roland writing -- threats. >> ramon says healthcare tech, one of the biggest industries needing disruption mike sheets says i'm biased, but space -- ivan, don't get asked enough about their technology budgets and the frustrations and triumphs of their tech spend great question and mikely how a bunch of teddy bears were harmed with only sticks and a bad attitude could defeat the highly advanced galactic empire. rocks and slingshots, right, jon? >> it's like open source, really it's the open source story told through ewoks. we'll see if it happens again as

there's that continues clash between best of breed and the megascale players. right now megascale seems to be winning. when it comes to the hacks, i think it comes down to the user. this is publicly available information that, when you sign up for these services, you're putting out there. so, you know, we've got -- i know we hate to read the fine print, but you've got to read it once you put that information together, but if you don't want them to have it, don't give it to them. >> i don't know. i think there's beginning to be more of an expectation that tech companies have a job in protecting us, and carl, you're seeing that with apple's new privacy guidelines, google following suit, facebook on the other side, but clearly privacy will be a big topic moving forward on this show. >> yeah, we talked about this last week with chris kelly, how the consumer, in the early days of tech was not conditioned to

ask about privacy, but that is incrementally changing over time. >> sure is, and let's talk about the week ahead before we go, a quick tees of what else is coming up on "techcheck." the ceos of slack, affirm, airbnb, and a lot more see you tomorrow "halftime report" starts now thank for. with earning beings to to get underway liz young is the head of investment strategy. check the markets, stocks are coming off a week of report highs. should also let you know tha