appeared at least initially from j&j to be in the bad bucket, tempering that as we move along. >> dow lower in part because of johnson & johnson and the drag on that. opening trades under pressure. everything else higher or flat lining that does it for "squawk on the street." "techcheck" starts right now. ♪ happy tuesday. welcome to day two of "techcheck." new home on cnbc i'm jon fortt alongside carl quintanilla and deirdre bosa another must-see, biggest spac deal ever. grab grabs new valuation and a different model for uber and lyft investors bitcoin surges ahead of

coinbases debut tomorrow we look into that. and buy now, pay later all that ahead this hour. jon, a gut check dow low arer, nasdaq higher. j&j obviously dominating headlines today. cdc and fda asking sites to temporarily halt usage because of rare occurrences of a blood kloss disorder and names like zoom and peloton moving higher and boeing monthly order numbers crossing the tape. those headlines you will see bottom of your screen. >> meanwhile, carl, heating up to a brand new level grab holding the biggest hide hailing and food delivery company looking to go public, nearly $40 billion the world's largest spac deal ever completed and major milestone for the m & a frenzy that swept financial markets the move also means, guys, that

grab's valuation has more than doubled in just 18 months. have a listen to anthony on "squawk box" earlier. >> we are category leader in ride hailing, in food delivery, and in mobile payments, and you're talking about $180 billion addressable market option here. now, when you think about how we have grown, we've really grown and grown sustainably. >> guys, here's how i see it growth, growth everywhere and not a profit to be seen. as anthony thanh laid out, this is not the uber of asia. it's ride sharing, food delivery and key here, a significant fintech company that works with regulators in singapore and beyond a fact, jon, not even profitable isn't expected to be so until 2023 even though it's a so-called

super app. it begs the question we ask often here is, can the gig economy ever be profitable >> yeah. >> i'm talking, not adjusted ebitda profitability net income, not net losses. >> deirdre, i don't care about profits on be this one, not yet. carl, you know this better than i do. >> you and many others. >> we were in singapore almost, a couple years ago i remember meeting with anthony more than five years ago over in new york what they are is so much more thannen ride hailing, food delivery they really are that kind of almost china-style app of everything in your pocket. leading the way to more digital commerce and particularly postpandemic as more and more businesses especially local ones need to move digital and that links into the tourism economy all of that, carl, opening up the possibility for fresh modes of spending. an opportunity certainly in southeast asia, underpenetrated when it comes to tech technology and commerce, to really be a big

part of the infrastructure there. >> they'll be time for profits in the spring. at least that's what a lot of the bulls argue meantime hear from gerrishner on "the half" in about an hour talk more about this first, bring in former twitter ceo and 01's general partner welcome to "techcheck." >> thanks for having me. great to be here same team, new name. >> good to -- it's good to see you again. let's dive into grab i wonder if, to what degree do you think it's going to be a cornerstone of any kind in the narrative that is the spac right now? >> significantly i think you're seeing brad, you mentioned, a fantastic person and been on your show many times and fantastic team in altimeter, bringing in another successful company to market. folks, companies like open door, sofi, grab, reinforces the power

of the spac. the real innovation of the spac and jon sort of mentioned why it's important here is, you get to spend a lot more time with buy side connect and communicate with them in a way not possible d dpud during a 30-minute road show jon said a super apps. not just ride hailing and food delivery but so much more. that is important and will serve them well soon i think. >> and that super app grab in geographic area is particularly important when the likes of uber stepped back a bit from those global ambitions sure, still have global ambitions but these aren't the days of, like, five or more years ago when pushing into china, pushing into all of these geographic areas and doing driverless cars, et cetera, et cetera seems there really is an opportunity for the smartest local companies to make headway and form relationships barriers to entry for the bigger guys

seen it being successful in recent years, right? >> 100% agree. 5n, a little more than that, ten years ago, all of these folks have to go out and raise what was for them ridiculous amount of money with uber pouring money into local markets, trying to take market share. those days are gone, over. the big local players, biggest local players like grab have those markets generally to themselves now and can expand to other areas as anthony mentioned and the show they've done. it's a powerful company. it's a great company the other benefit of the spac, don't forget, it's you've got american investors who may not know much about the company and the sponsor of the spac when done well like brad and altimeter can act as a translation later to the rest of the buy side here and help the market understand what's really going on inside the company, and where all the, where all the revenue lines and potential marginal lines are.

>> good morning. it's deirdre good to see you. i wonder, you talk about super apps why have we not seen an american tech company succeed in making one? even uber tried. had -- they tried their fintech project, scaled back plans and you've seen facebook and others try to do it hasn't taken hold in the same way asian companies have been able to create this ecosystem where users don't even have to leave. what does that say about our tech company versus asian ones >> a great question and i don't have a good answer other than i think here probably in the states, people kind of expect that the company doing one thing they trust it with and move elsewhere for other things i don't really think of these guys as that i think of them as this other thing. asia, more willing to trust this for everything. >> isn't google a super app? before the mobile era, though? >> perhaps

that's fair. their maps and docs and so much more i suppose you could say google is the one thing here that's a super app. i still -- a bunch of profits -- correct. made a bunch of products and shopping and commerce that haven't worked at all. >> dick, move you to the next topic. that is a new record high for bitcoin today. all-time a high breaking above 63k first time news on the eve of coinbase's widely anticipated direct listing tomorrow seen by many as a major milestone for the industry moffitt today initiates bullish on the company with a buy. one-year target of 600, dick talking about strong unit economics. demonstrated profitability, but a pretty up and, a high level warning to those saying, beware of long protracted swings, not for the feint of heart. >> i mean, history of crypto and

bitcoin would tell you that's absolutely accurate. look, i'm a bull i'm a believer it's here to stay. you know, i remember seeing a crypto enthusiast on stage at a conference a couple years ago. bitcoin is seether going to be worth $1 million or nothing. sort of, the point being, look either get more and more and more valuable and blockchain used for more or not anything. seeing former. $1 million or not, i don't know. obviously becoming more valuable and blockchain used for more and more things like trading digital assets like nfts et cetera getting more powerful, more broadly adapted. companies putting money behind it and allowing customers to pay with it. i expect it to go higher from here, but as we've seen over the past years, since really its inception, just wild swings in price and people who are investing in it, putting money

bemind it need to expect that will continue. >> yeah. absolutely volatility is the name of the game, but many who are bulls argue for that longtime story. in terms of coinbase, towards the direct listing tomorrow, some skeptical on its valuation. speculation it could reach $100 billion in market cap when it first starts trading you figure that this is a company built on top of cryptocurrencies and it could eventually be worth, more than just a plat for. right? this opens up a whole range of things, just like paypal started in digital payments and square started with hardware. do you think coinbase is similarly become a big player doing so much more in the fintech industry displacing prap what's some of the banks do? >> 100%. i've been on the show before raving about the almost infinite total addressable market sizes of some of these fintech companies. here's another one

nobody thought -- by the way, remember when, i remember when the guys, coinbase raised $1 billion. people thought it was crazy and here we are at almost 100x fintech companies like coinbase and like stripe, and done in a firm you talked about earlier, grow and grow and grow forever because their addressable market is everything. more and more things and more and more companies and more and more institutions look to cryptocurrencies as a means to, you know, allow people to invest and buy in different ways, coinbase makes it easy try doing -- try processing one of these crypto transactions yourself without a platform like a coinbase it's remarkably difficult. as it provides more and more accessibility to the retail investor and buyer who wants to do things like purchase nfts or sell nfts, it's only going to get more and more access to more people. >> here's what i don't get, though right? part of the argument for crypto is that crypto is goin

mainstream everybody's going to be doing this eventually. it's like, okay. if you accept that, there's going to be lots of competition for coinbase they're going to face a lot of competition and their take, that they get on each transaction is going to have to go down isn't it then also if crypto, as it goes mainstream you could expect less volatility leading to less trading and could leez revenue isn't it mainstreaming of crypto working against coinbase's revenue model? >> i don't think tell you why because every one of these platforms that wants to start enabling trading in these things, think about things like nft exchanges getting sort of down on eccentric paths here now. as the places you can leverage crypto to process some transaction or invest and transact in some way have apis for processing those

transactions and coinbase enabling you to access those or process on those within those platforms creating a larger barrier to entry newer competitors to have come in and do all of those things, in addition to all of the security and cybersecurity work coinbase has done on top of their platform cyber security in banking is a rid outside investment and crypto, even bigger invest because of all of the theme trying to hack into a crypto account. probably an unknown and extremely large moat and barrier entry making it harder for people to compete against them. >> fascinating brings us to crowdsource our segment we ask viewers to participate with bitcoin as 63,000, what's the best argument for or against coinbase? tweet us at cnbc "techcheck.

answers later in the show. finally, the role of information and misinformation regarding vaccines today, of course, fda, cdc recommending a pause on the j&j dose people wonder, dick, where we are right now inner its of social media feeding good information and boosting acceptance and feeding bad information and suppressing it >> yeah. i think the platforms have a continued responsibility and role to play in making sure the best information is being amplified out there, and that misinformation is, stays in the dark corners and harder to get to when these platforms amplify misinformation and make it easy to see that and hard to see accuracy and correction, that makes life worse for everybody i do think in the case of this j&j news, the anti-vaccine crowd is not a uniformed crowd not just anti-vaxxers people who

are those and look, i want to wait and see these are experimental trials rushed to market in an emergency, and that group will be now probably a lot more reluctant to go and get vaccinated. >> dick, why do you think the social media majors haven't created more tiers of views to see perhaps people who are using, willing to use their real names and post their credentials and what their takes and information are versus people who want to the remain anonymous and tracking in information let vetted >> a great question and i don't have a good answer the answer i imagine is, it's hard i get that but you would think that if you're a high authority source and you're credential and provide enough information to back that up, it's easier to have your information amplified, easier to be a part of it's conversation if you don't do that, aren't

willing to do that, public conversations you can't participate in it's a great idea and i'd love to see more of it. >> dick, appreciate this it's great to have you on on our inaugural week missed you look forward to talking more frequently. >> thanks for having me. so long. later this hour, what is big tech banned from m & a we discuss. after the break, don't miss affirm's ceo we are just getting started on "techcheck." (vo) ideas exist inside you, electrify you. they grow from our imagination, but they can't be held back.

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bounce forward, with comcast business. gut check now on the work-from-home space names lie zoom peloton and twilio and others higher this morning. pg investors weigh a pause on j&j's covid-19 vaccine and a what that could mean for the vaccine rollout, and putting together our own "techcheck," cnbc work anywhere index moving higher on these j&j headlines. deirdre? coinbase going public tomorrow through a direct listing on the nasdaq and

bitcoin hitting all-time high in anticipation next it guest company recently went public as well through a traditional ipo and is a major player in the fintech and payment space. founder and ceo of affirm and joins us now mar mac, great to see you. thanks for being with us. >> thank you for having me >> so you've been called in the past a crypto skeptic. the last time on our air back in february you said that a firm may need to start considering cryptocurrencies if bitcoin's popularity continues to grow back then, bitcoin approaching 50,000 today blown past 60,000. so what's in the works are you planning something planning to take bitcoin and our cryptos as a form of payment >> we haven't announced any plans just yet, but i am, to be consistent, we certainly look at all the different super exciting frankly developments in the world of financial services and

cryptocurrencies is not exceptn. we'll undoubtedly come up with something cool and specifically uniquely affirm but we've been at the forefront of creating transparent financial products, and if crypto can be used to further that mission will will use all tools available to do that. >> are you having more conversations about it int internally now and on the eve of coinbase's direct listing how might it change the game not just for fintext but others make a splash over are the last year. crypto enthusiasts, what will that do to not just fintech names but perhaps the broader market as well >> i'm certainly not qualified to opine on something extricably was positioned as a skeptic, but my guess is crypto is becoming

much more of a household name. with every passing name, ipos like coinbase breed in acceptance more widely something that's affirmed is certainly, notations internally about, soon as we're ready to say something, we absolutely will we announce our products fairly regularly, like our debit card a couple weeks ago please, stay tuned. >> as we will, of course max good to see you. also talking about grab. and this plays into, i think, the broader, you know, payments space. fintech space. one of the more interesting parts of grab not just ride hailing or food delivery but hour they're enabling digital commerce in south each asia. i know southeast asia isn't really where affirm is focused but talk to me about the meaning of that?

significance of enabling more seamless commerce? perhaps enables ability to buy from more business and what that means for significance of companies doing that >> i think grab is certainly an extremely impressive entry for growth and i happen to know some of the team and continue to be very impressed that said i'm hardly an expert in southeast asia. i do have a clear and visible parallel in the, shopify, a platform millions of small merchants orrorring -- are aggregated financial services and so that lens it's remarkable how this bundling of products just makes it so much easier for merchants to say yes to all of these new

ways to grow their business. to sell more items to engage with their customers's in that sense i'll very bullish on platforms and grab is certainly one of those, but i think there's a handful worldwide that are just kind of the new answer to, you know, ebay from roughly 20 years ago, et cetera. i think i'm a very, very strong bull in thating itin closer to . consumer behavior as we hope to be coming out of this pandemic how much fluctuation are you seeing in spending patterns what people are spending on adoption of platforms like affirm for differ use cases than you might have seen a year ago, and how much of that do you expect to continue as we settle into whatever normal is? >> normal is changing every day. affirm is very much an acracyclt

company. boxes that come to your door perhaps the only way we shop that said, seeing incredible demand for our products among merchants and consumer demand in areas that have basically been on hold the last 13 months seeing just a massive pent-up demand playing out in travel right now. at this point, consumers, seeing cost as the least important factor in a decision of what appears to be seven of ten people answering they absolutely expect to travel when some condition is met for example of vaccination or destinations show less covid rates, but out of those 10% only care about cost, which is quite, you know, bodes well for the travel industry the other kind of fun, 96% of couples that were planning to get married in 2020 changed wedding plans but only seven called off the wedding a huge amount of demand in

david's bridal peloton quite useful getting into wedding shape and others in the industry they appear to be having a boom. >> yeah. no no question about that, max. i'm curious to know, talking about the consumer a lot's been made of the american household balance sheet. never looking better although the new york fed the other day said, for example, the savings that households accumulated during the pandemic and in their view do not appear excessive and indications the most recent round of stimulus checks are a little more likely to get saved than the prior. do you sense caution amongst households >> you know, at the moment, no i have to say we are seeing incredible confidence among the confirmed consumer rate. a tremendous amount of debt is paid off by americans.

so glad to report knows are being financially responsible. almost $3 billion in card repayments done in 2020. 1.7 trillion more in savings than beginning of the pandemic, which i think what you're referring to, that's not necessarily bad news, but we do see in our savings products, which we've had for about a year now very noticeable correlation between savings checks hitting people's households and deposits in the firm, but in general, it's pretty clear to me that very strong, moved up sort of one-year high just recently according to the conference board. i think -- you know, cautiously optimistic especially in various vaccine news of the day but i feel the consumer, yes, is primed to get back to enjoying themselves, to spending, traveling, to getting married.

>> max, great insights hope to talk to you soon founder and ceo of affirm. >> thank you the white house yesterday, chip meeting, might not have been the biggest news in semis yesterday. nvidia higher, intel lower that story's coming up. julia boorstin, what's coming up? >> well, carl, big news this morning from two very different companies that both happen to be at odds with apple get you those details, next. that's coming up "techcheck" is back in three.

welcome back to "techcheck." our new focus on technology here on cnbc. i'm carl quintanilla along with deirdre bosa and julia boorstin joins us today as women as jon fortt. first time above the 50-day since february stay @home plays, docusign,

zoom, peloton, leading intel lower by a percent or more. >> that's what's happening in tech a broader cnbc update with rahel solomon. >> hello white house says pause in the use of the johnson & johnson vaccine due to blood clot will not affect vaccination plans 5% have used the j&j shots administration officials say they already secured enough of the pfizer and. >> moderator: >> modermoderna vaccines for 300 million americans. and the j&j pause at the press briefing, we'll hear more. and jeff zients will join white house press secretary jen psaki at 1:45 eastern. and the covid vaccine in europe following announcement of pause in the u.s., talks set to begin in europe this week.

that was our cnbc update for this hour. back to you, julia -- carl, actually. >> thank you, rahel solomon. get to julia i know you're watching gains in a fund race today >> right a big headline, raised $1 billion in funding the company best known for producinghit game "fortnight," a valuation, $28.7 billion this round additional $2 million strategic investment in sony invested a quarter billion into epic last year all of this comes ahead of the trial starting may 3rd for epical anti-trust lawsuit against apple. that battle started after epic games tried to avoid apple's 30% app store fee and apple removed "fortnight" from its app store meanwhile, two headlines for yore company at odds with apple. facebook anti-tracking tools in apple's

new operating system facebook is expanding its oversight board. now users can appeal to remove harmful content from facebook and instagram. up to now, the bourse launched in october heard appeals when people thought their own content was removed inappropriately. and testing an app now called sparked for four-minute video dates. the app developed by the company's team that works on experimental projects says if both have a great time, daters scheduled for ten-minute second dates. focused on this move and into other categories is one factor that sparked antitrust criticism of facebook in the part. in the past. >> kindness. feels like it's becoming a buzzword in social media apps. facebook taking a page from nextdoor, the neighborhood social media app, smaller but had kindness reminders

interesting to see how effective that he are. julia, back to the epic news you brought. massive fund-raise check the out roblox, recently public be. nearly $45 billion don't know the rest of "fortnight"'s financials and epic games, and behind both companies tapped into the met ta verse. i wonder, my brother says his kids moved from roblox to "fortnight." how much do they compete with each other >> look, i think "fortnight" really is definitely about the metverse and looking at an older demographic. roblox has its hold on kids and that younger demo, but what happens is i think "fortnight" is going after adults. it's not about kids as much. yes, teenagers are playing "fortnight" but this is about getting people into the metaverse. see a future where people will be doing so many different

things in the metaverse and not just playing games listening to concerts deerds deirdre, tim sweeney ceo controls all the votes. >> yeah. i mean, deirdre, i think while -- julia, i'll address this to you. so many of the gaming companies are trying to get into not only this metaverse thing but operating more as a platform having kind of commerce loops in their games throughout their games. i mean, so in a way, it makes a lot of sense for epic to be valued this way, because they've been a pioneer in this space also makes me wonder, can all of these gaming companies win >> well, what i would say is that they just want to get you second to their ecosystem paying them and for epical case don't want to pay the fees to apple. it's really about not just gaming, not just commerce but

also entertainment, which is something that epic pushed a lot into the question really, jon and carl, how we can live our lives more in the ecosystems and carl, that's where the likes of epic really is. >> yeah. looking to see if there's any other dating apps, julia, that might feel that old classic nervousness from facebookeven considering a new kind of silo have we moved past those days or whether facebook can still give competitors a little chill >> well, look. they have already made this move into dating over the past couple of years and we heard some, some funny comments from the ceo of -- sorry. ceo of iec which, of course, at the time match joey lavin saying they're not concerned about this heard also from the ceo of bimble, she'b bumble not concerned. carl, the question is if they really start to gain momentum.

some are already meeting on social media sites the question, if this feels like a different thing, can really compete direct with the match for bumble so far, no real indication of that. >> julia, thank you. now nvidia's announcement's only arm server cpu. again, not much traction again, that's one analyst's take impressed with nvidia's announcement yesterday some seem to disagree. we break down the news behind the big move in that stock and you can listen to "techcheck" on the go download and enjoy the "techcheck" podcast available wherever you get your podcasts. we're back in two.

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white house chip summit wrapping up yesterday. the president holding up a semiconductor as ceos and white house officials discuss ways to tackle the chip shortage, manufacturing delays, issues around global competition. got us to thinking about this photo. intel's former ceo in the oval with president trump another semiconductor on

display. and two's a coincidence. through's a trend. obama, 2013 touring a plant in austin, texas, for the executive, or at least the chief executive, jon a bit of a photo opportunity. >> yeah. presidents love looking at wafer. i don't know why one company not on that guest list yesterday nvidia busy announcing 2022 revenues sending stock soaring. intel closed lower than 4% part of the reason inventing a system on a chip code name grace named after grace hopper this is going after high-performance computing at least at first a narrow segment of the market but a shot across the bow, carl and deirdre. workloads move toward artificial intelligence over the next decade coming for the full stack. not satisfied with just graphics, which we've known for

a while. >> yeah. we know he is incredibly ambitious and that has paid off. a central theme here, jon. we talk about it often on the show talked about it yesterday. comes back to artificial intelligence right? next generation technologies nvidia is ahead on and pitching the new to data center owners like amazon and google as way to harness ai more effectively, and we talked about microsoft acquisition of nuance yesterday. ai, central thesis as well there, carl. >> yeah. and as for intel, jon, today i did notice citi's christopher danley came out in defense of intel saying, don't worry too much about the nvidia news the question will get asked how many front wars they can handle. >> this speaks, deirdre, to the fact pat gelsinger, an execution guy. not a lot of room for era. so many competitors in the space, foundry side, tsmc,

samsung operating domestically or x-86 and kcpu market and gearing up to compete in the high-profit data center business when it comes to servers and ai. i mean, intel, you know, has been struggling a bit. there's a lot of up side, but not a lot of room for error. >> a little. understatement, jon. i like what gelsinger said yesterday. playing offense, not defense now. kind of a look into how he is thinking about these battles, or ambitions that they're looking at on a number of sides. meanwhile, guys, bitcoin can't bet but note hitting new highs on the eve of coinbase's debut more "techcheck" coming up right after this break.

there is a legitimate breakout in bitcoin today. all-time high above 63,000 what a time on the eve of coinbase's direct listing. r.k. rooney is watching. hey. >> carl, good morning. coinbase will be the first u.s. crypto company to go public. really seen as a big test to investors' appetite for other start j-ups in the industry more competition, a big headwind for coinbits

used to be gemini, kraken, a little more niche. now paypal, square, robinhood and in many cases through a partnership. some highlight coinbase's biggest mode started back in 2012 when bitcoin traded around $10. the company now has 56 million users. its competitors are looking for a slice of that high margin trading business coinbase is about to go public on $1.8 billion in quarterly revenue almost all from trading fees reliance on those fees, though, is a big focus, and analysts i talk to say others are likely to come in and offer cheaper or free trades to gain market share. they predict another race to the bottom, like we saw play out in the brokerage industry meanwhile, guys, you mentioned bitcoin reacting positivity to the coinbase listing topped 63,000 this morning for a

new all-time high. guys, back to you. >> all right going to watch that obviously a big day tomorrow thank you so much. kate rooney. "techcheck" is not just a one-hour show here on cnbc it's an omni channel brand we like to think. a full digital presence online wonder what to find there today, how about flying cars? call them what you will. flying cars, sky sedans. >> electric vertical aircraft. >> think of it as an electric flight leapt eda, elect trick vertical aircraft, quiet, zero emissions and lower cost to operate. >> the big selling point, when the aevas are flying you'll barely notice they're there. that piece is online tech out your phone.

scan this qr code. it takes you to our website where it will post our signature digital pieces, long-form interviews extra content and daily tech briefings again, use your camera, scan the code, you'll be camera, scan th and you will be linked to our new website. it is a nice bell and whistle we are rolling out. >> yes, and it works, deidre. >> i know. you tested it out in real-time yesterday. i am loving the digital pieces big props, big shout-out to fahima who is doing all of the work putting them together bullish on amazon's scaleability and forecasting growth of one-day shipping jm morgan as with the know on apple, bearish on the company's tax prospects, estimating a raise of corporate tax rates to 28% would claw back any benefits the company gained through tax cuts under the tmpru administration tech check continues in a moment he load.

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w let's talk cloud data. a ceo telling me subscription revenue is up $594 million you might recall that company went private in a $5 billion buyout six years ago with that kinds of numbers might not be private forever they also announced the data management cloud it is a play on so many companies using multiple clouds.

here is what wally told me about the multi cloud world we're in. >> you have by definition already a multi-cloud board. customers running, you know, creating new work loads, they will go to aws customers have a microsoft stack and they basically see the best of the products on that stack and they go to that platform gcp has great mil and a lot of other great technologies around, analytics that customers use that article if you look at sas, salesforce, ad adobe or service now and you look at others, snowflake, azure, aws, it is already a multi cloud world. customers will always pick the best of big problems even in that world which is why even when we think of the intelligent data management cloud we think of putting our best of breed products on that platform to help customers weave the data together. >> see my full check interview

with him on the tech check's linkedin page or search cnbc tech check on linkedin the full interview will be up in the next hour. deidre, this multi-cloudy de is so important for investors to internalize because it is part of the story behind ibm red hat, snowflake, vmware, a lot of companies focused on making this usable. >> absolutely. cloud is leading the world can't wait to see the full interview. nice job there meanwhile, apple appears to be holding next product event on april 20th no that's if you ask siri when it is, but the company has not confirmed. but what if facebook had never been able to buy okculus? more tech check. we'll debate that after this break.

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♪♪ welcome back missouri senator josh hawley unveiling a plan to ban all acquisitions of companies valued more than a billion dollars. it got us thinking what if the bill passed a decade ago what would the current landscape look like? what deals would be wiped off

the table. yesterday's microsoft nuance deal dead, not to mention github, linkedin amazon would be hungry to acquire others it might be music to senator hawley's ears when he hears a apple's purchase of dr. dre. intuit couldn't buy anything, shopify couldn't buy anything. deidre, it is a lot of stuff. >> i mean there would be a lot of deals off the table, but what occurs to me is it is not necessarily yahoo or american startups waiting in the wings to do these deals it is chinese companies. we have seen alibaba be so active on the mna front, not just in america but mostly outside of america you wonder if it would have shifted the balance of power, which is already so tenuous between chinese and american or chinese and western tech >> really quickly, guys, crowd

source we asked what's the best argument for or against coinbase jan wrote it puts bitcoin in the spotlight. russell said regardless if crypto is up, down, sideways, it takes a percent. hard to hate that. let's get to "the half." >> thanks so much. i'm scott wapner front and center this hour, another record for stocks, your money hitting another new milestone today as j & j's vaccine is paused by regulators. we will debate what itmeans to your positioning in the market we will hear from altimeter's brad gerks, rstne rerks. joining me for the hour, stephanie link, jim lebenthal and josh brown mostly the dow is under pressure for the j & j concerns the fda calling it e dreamily rare, says the pause will last a matter of days josh,