>> all right >> seems awfully high. >> seems high. just another look at markets. major averages are back in the red today. s&p down about 0.6 of 1% that does it for "squawk on the street." "techcheck" is going to start right now. ♪ happy tuesday and welcome to "techcheck." i'm jon fortt with carl quintanilla and deirdre bosa. coming up on the show, an apple event in just two hours. how this plays into apple's larger strategy. plus audio goes boom mark zuckerberg thinking about audio with facebook and competitors. a big day for netflix off a huge

2020 a peek into this year. and netflix expectationses, this hour jon, stocks falling for are the second day reopening trade suffering airlines, cruises, falling sharply, but cnbc's work-anywhere index lower as well both side of that trade in the red this morning on the upside, though, ibm up more than 3% after those earnings, and tesla rebounding up more than 1%. carl >> yeah. meantime, guys, as jon said watching apple's spring loaded event, 1:00 p.m. eastern time. expectations with updates to the ipad, maybe mac lines along with a launch, we think, of air tag trackers probable new podcasts and plus subscription service and maybe news about a controversial new ios release date between them and facebook, more interesting back and forths in tech now. >> looking for that update to ios 14 bringing ad tracking

under different rules. i think the ipad has a big hurdle today the ipad pro in particular, because productivity was huge throughout 2020. we saw surge in buying of ipads and mac, particularly ipads, up more than 40% in the holiday quarter. then we also see apple adding ipad-like functions to the mac got the m1 chip, homegrown chip used to be just in ipads and iphones now coming to the max. can run ipad and ios apps and a long battery app once a province of the ipad and ios. deirdre, i think a big question with the ipad pro refresh, what's apple going to put in this making it better than mac air they've priced so aggressively >> and argue, is this only the beginning for the ipads? right? many people you mentioned bought them over the last year during a

pandemic are we living in a multiple-screen world going forward? part of our habit. folks may look for upgrades. pose that question to our first guest. longtime tech investors, zillo co-founder, and chairman spencer rascoff. what are you thinking? has the ipad moments, is it going to pass or can apple sustain momentum its seen over the last year? >> lineup confusing for consumers. i went through this personally trying to decide what type of apple machine to buy it is incredibly cluttered and confusing. multiple generations of ipads. i really hope they come out with a much cleaner lineup that presents less choice, actually the blurring of these lines, between the ipad, ipad pro, mac, and -- it's become dizzying. i'm interested in the privacy updates likely to come out today. i think that's where there's going to be a lot to discuss

so obviously hardware is always interesting but the software updates and impact on privacy and ad tracking, online advertising industry, that's fascinating. >> i wonder what you think, spencer, about the productivity push that we've seen over the past year, what happens to it now? ibm earnings, seems to me, indication on the enterprise side buy-in patterns perhaps going back to what's more normal going back to that on consumer side does that mean a slowdown in pc buying and shift towards spending money on other things then i guess your privacy thoughts in with that as well? >> yes the wild card is, this work from home situation right? companies are still trying to figure this out. it's clear most companies are not returning to the old normal, you have to be in headquarters every day. causing home offices and home environments to be a hybrid office, and personal situation, and companies are struggling trying to figure out what should

their reimbursement policy be? so many unknowns, impacting everything from dell to apple to ibm on the consumer and business side as companies sort out new policies and figure what's expected of employees. on the privacy side -- >> spencer -- >> go ahead, carl. >> i was going to say on that point, before moving on to privacy, morgan stanley tried to take stock of this in a surray and ended up raising pc forecast to 16.5 because of what they see as a tailwind to commercial pc demand on exactly what you're describing that is companies trying to figure out who's going to work where and re-inventing i.t. budgets as a result. making more spending, they think. >> the huge savings coming from companies reducing their office footprint. some of those will go into things like software and hardware, improve worker productivity as an investor i'm betting

heavily they'll go into software improving employee communication and culture morale at companies. seen huge winners snap, slack and zoom around productivity, but another software sweep growing around helping coordination hardware, same thing clearly companies saying, if we're going to save $50 million with less office space surely turn around and spend $2,000, $3,000 per employee, knowledgeable employees helping them be more productive at home or in a hybrid environment that's for sure. >> spencer, i want to ask about the other speculative products we could see today prab perhaps airtag making a smaller device and active on the antitrust front and actually expected to speak at an upcoming senate antitrust hearing this week examining the apple and google app stores. i wonder, apple, if it does

release such a device, does that raise antitrust concerns >> i think if they're introducing a brand new device in an emerging category like that they'll be fine when it comes to anti-trust. not so worried about that. one. reasons apple is launching these new privacy updates is to put themselves on the right side of regulators and lawmakers dissidence themselves from facebook, google and amazon saying we're putting privacy controls front and center for users. an issue that -- >> yeah, but with app store? that's a separate issue, right these companies have been active saying it's anti-competitive the way they can give their own products advantage over third-party ones >> yes, and why they're in hot water, the app store feel they're trying to throw lawmakers and regulators a bone. we're good guys. care about privacy and in order to distract from

the challenge they face on the app store. much as google tried to do in europe they're in hot water because of changing store order and trying to find issues they can find common ground with regulators on the app store question, i don't know i'm not that sympathetic to the regulators concern on that seems to me if they own the platform, then they ought to be able to have the search results appear as they see fit call me an outlier in that regard but that's my persecutive on the app store antitrust issue. >> and spencer, maybe i'm more sympathetic towards apple on privacy, because i remember a couple years ago when they started talking about differential privacy, the heat from the government coming fro a different direction. saying apple, we want the data you're collecting on people in order to feed into our system and solve crimes apple said, look, wes care too much about privacy to even collect and keep this personal

identifiable information we don't want it and won't give you a back door into our system. perhaps the wind is blowing another way but apple seems to be telling the same story? >> true. remember the huge controversy with unlocking the iphone. feels like ages ago. apple always has take an different perspective with regards to privacy in this particular update i'm a little cynical i personally don't think they're doing it out of the kindness of their hone heart opening users control their own data but a menace to google and facebook. now, ironically, facebook and google actually have so much first-party data, meaning so much information about users already, they can monetize their apps through. >>ing pretty darn well even without being able to track the process. facebook and google the least effective developers of this privacy update apple is driving. the small app developers only one or two or five or ten

different apps without much data will have a harder time monetizing with advertising. from a user's standpoint, you can expect worse apps. in a, you know, in the chess app on ios and seeing ads that have absolutely nothing to do with your interests or democrat graphics previously you saw targeted ads. the impact on the user curiously the worst user experience in ways ads are much less relevant. >> if you care about those ads. >> i, for one, am okay with that >> sure. irrelevant, but toning them out? zoning them out? >> mostly irrelevant. yeah and that's not to take away from the small business app i think there's an importanto co watching the rise of dosh coin and investors proclaiming today

to be dosh day as a crypt other occurr -- cryptocurrency began as a joke but now over $50 billion. venmo announcing allowing use es to buy in crypto today and rework saying accept certain cryptocurrencies as payment. let's tackle doesh coin first, spencer. for those watching the rise and thinking about putting money into the mean point, should they treat it as fun? its original purpose as a mean point, or should it be treated as something more now after its huge rise as a real asset class? perhaps a way for younger investors to challenge investment more? >> there are hurns of different cryptocurrencies i strongly caution prudent investors away from speculating in ones that are incredibly volatile it's a casino. if you want to go to a casino, great. buy dosh coin or literally go to

a casino that's fine. incredibly -- i mean, i -- i personally am not investing in that now, bitcoin, or ethereum is different. these are still wildly volatile, to be sure, but a little more established. they do have some utility. they have more institutional credibility and investor interest and seems to me inevitable we'll wake up one day and the news, you'll reporting here on "techcheck" that blackrock decided to put .25% of their cash, of their trillions of dollars of cash, into bitcoin instead of treasuries, and we're seeing this with apple and tesla and other companies. you'll start seeing it with financial institutions thinking of putting 1% or 20 per - 2% into bitcoin. so whether or not it gets widespread adoption for transactions or use it to pay my

peloton subscription or buy something on amazon, nonetheless, institutional interest which will raise the price of bitcoin over time as just more people start to buy in the currency as a store value as it gets more institutional acceptance seems inevitable to me over a five-year period. >> now you're getting into a really interesting area, spencer, because whether it's a theory that the chinese don't want to see settlements happen in the west, the other day russia had threatens remarks about the dollar in the face of those sanctions we put on them in this country bp i wonder, do you see it being a player in geopolitical strife? as various countries start to get more aggressive with each other? in the way of currency >> i -- potentially. i worry about that, frankly. one of the, the small comforts i take that makes me think we're not going to end up in a war with china or russia is how much of each other's debt we each

own. seems very unlikely the u.s. and china are actually going to fight a war against one another when china owns hundreds of billions maybe trillions, i don't know, of u.s. debt likewise between u.s. and russia if that were to start receding a little bit, because bitcoin starts to overtake currency which is a -- a little bit ab absurd it's not going to in my view keep rising. then, yes, all of a sudden becomes another front in the geopolitical battle. not just currently anymore, it's more another vector in which countries can tussle. >> right and you know, china actually testing out its dech ittal yuan. that's later on in the show. thanks for being with us see you soon, spencer rascoff. today's crowdsource ahead of apple's spring-loaded event. what's the feature or product you want to see from them today?

what will change your mind on the stock? give us your ideas and added a qr code bottom left of your screen that will go to our twitter account. we'll show the best preresponsibles at end of the show. all right. guys meantime, coming up this hour, ibm's record quarter, clubhouse clones, amazon haircuts. just getting started heard on "techcheck." some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;)

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and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. got to get a gut check this morning on spacs more specifically those tied to clover, virgin galactic, open door, lower today. some 50% to 70% off their highs. big story over the weekend, jon, saying face of the frenzy, now face of the bust #thehapalagguaplunge. >> knows when to get out of these things. and unveiling a new audio product. clubhouse audio rooms and way to

find podcasts's ceo mark zuckerberg sitting down with casey newton discussing his vision and facebook's look take a look. >> in good vision of the future involves a lot more people being able to make a living on a day-to-day basis by just, you know, expressing their creativity, doing things that they want and having the tools and economy around them to support that as a living and a job. and so i think giving people the tools to be able to do that, whether engaging in their community and in the kind of format you're doing here, you know, or podcasting and having the tools to make money off that i think is a very important thing and something we're going to focus on a lot. >> to the degree moderated, less clear. reddit announced this, reddit talk allowinghosting of rooms looked just like clubhouse with so many live competitors the state growing fast maybe not.

according 0 censor data, plunged more than 70% from february. deirdre, not sure how much that matters. we're in a weird time with so many ways with reopening and attention going here and there i'm curious if they'll change the business model around audio, allowing creators to charge, making it easy tore audiences to pay. potential there. >> right that whole idea of tipping jon, how does that get people to stay on the platform good for creators. how does that keep listeners on? still lots of question there, with so many competitors coming on the scene, carl, i'm excited to see what spotify does here in terms of live audio. remember, this is an audio-first app. perhaps has a better chance than facebook and twitter and other competitors coming up here >> yeah. jon, i'm curious talking so much about audio this week, and to your point. it's hard to know if it's because we've run out of things to watch on video, or whether it's because we'll actually be

on the move more there was an outfit lot long ago thought we would watch video on our way to work and that was kwivy. >> turns out video is hard right? got to get ready for how you look on video. got to think about all kinds of elements to show i mean, it's not just the three of us making the show happen. there's, like, an army of talented producers and whatnot most don't want to play that game, deirdre. would rather just -- talk. >> all right argument tiktok, digestibles. 15 seconds of video. >> 15 seconds is easier. 15 seconds. >> a lot easier. it's not that easy, though i've edited a few tiktok videos. not that easy. coming up on the show, anyways, still lots do you trust the big tech? results of 2021's most trusted brand survey sand they may surprise you. and the biggest laggard in

faang set to report after the bell julia boorstin joins us with more. >> well, deirdre, necklaces subscriber soared despite slew of new rivals. what happens now we discuss what to expect from this quarter coming up right after the break. worth is knowing it's never too late to start - or too early. ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪ principal. for all it's worth.

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welcome back to "techcheck." new home for technology, news tands coverage here on c nbc i'm carl quintanilla with deirdre bosa, jon fortt and julia boorstin bank of america, tesla competitor, price target 31. reinstating zoom with a buy and 480 target and nomura coverages with uber not doing much for the stock as we said a bit of a tough take news update and turn to rahel solomon. >> good morning, everyone. canadian national railways

offering to buy kansas city southern around $20 billion. 20% more than the buyout deal canadian pacific and kansas already approved procter & gamble shares up this morning after posting earnings and revenue beats by continued demand for cleaning products commodity and shipping costs up sharply, however, during the pandemic. and sadler's first-ever first quarter catastrophe losses from winter storms still beat earnings expectations by 36 cents. boeing says its ceo craig smith retires this july. the iaerospace giant pushing bak mandatory retirm age to 70 allowing him to stay in the top job until 2028. that's our cnbc news update for this hour. carl, back to you. >> thank you. and big night tonight. netflix earnings on deck stock hasn't done a lot this year in a wait and see mode.

fierce competitors on their tail julia boorstin has more on what we might expect tonight. >> carl, the netflix reports subscriber growth is always in focus. the number is watch, 6 million how many subscriber additions the company forecast it would add first quarter. analysts looking for more. 6.4 million but less than half the number of subscribers netflix added in the year earlier quarter bp just as important is how many subscriber additions the company guides to for the second quarter analysts expect 4.3 million. which is, again, a decline there. there's no doubt that netflix benefited from the pandemic. added nearly 21. subscribers last year, but with the company warning many of those subscribers were pulled forward from future quarters, the question is, what happens now? one potential growth driver is crack me down on password sharing, netflix has been experimenting with

they report 45% of people surveyed share passwords and say this could be a long-term opportunity for the company. other key topics for netflix, they plan to increase spending on content impacts of recent price hikes and love to hear the ceo reed hastings weigh in on streaming with disney and hbo max ramping up their spending on content morgan stanley projects user growth will begin increasing in the second half of this year noting netflix has less than 10% of the global subscription video marketplace today, indicating room for growth. and neutral rating and $465 price target of the stock coxed a business with an international position that's in advantage 72% of analysts have a buyer overweight on the stock, has, you mentioned, carl, underperformed the nasdaq over

the past year. one fun fact that netflix' earnings missed estimates the past four quarters carl, we'll see what happens this time around. >> yeah. you mention the expectations for q2 guidance on subs, julia i noticed morgan stanley said 3 million to 4 million given all of those factors but investors would not be surprised by a two-handle, which i think would be a bit surprising. >> i mean, look. you have to think what happened a year ago, and those com comparisons are very tough break them out the pull forward effect and then the ompetition there's the price tag. all these different factors that could come into play with those subscribers growth numbers i think guidance will be fascinating and think q2 guidance number is what will send the stock swinging one direction or the other. >> julia, who do you think's getting more valuation benefit

in 2021 from the streaming story? netflix or disney? >> well, i think disney definitely has seen the biggest boost from it. disfli gets credit for having totally transformed its business from being reliant on espn and on those tv subscribers numbers and here is cord cutting accelerated over the pandemic and disney, just pulled up a, the disney stock here. it's been volatile because of the theme parks, but this is a company that has really transformed the non-theme park parts of its business. to really reflect where consumers are going. that's towards streaming. it will be interesting to see what new numbers we get from disney as well when they report earnings which comes towards the end of earnings season netflix always kicks off earnings season. >> and interesting, julia. a glance into amazon's plans for primetime. spending $11 billion that race is getting massive. next, breaking down ibm's

quarter. you can listen to us on the go download, subscribe and enjoy the "techcheck" podcast available wherever you get your podcasts we are back in just two minutes.

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a good idea after record quarter company beating on top and bottom lines reporting highest quarterly sales growth in more than two years boosted by bets on cloud computing, hybrids specifically ceo now almost exactly a year and now going to see more focus on the spinoff of an infrastructure into a services company. calling it kindrell. software growth, system z kicked in a good amount of the quarter. good signals in enterprise buying deirdre, red hat and the qu kindrell hasn't changed a lot. waiting for the answer. >> and talking hybrid, job, but skeptical quarterly year over year revenue growth was more than a blip.

had glimpses in the past followed by disappointment eight of the last nine years, ibm has seen annual declining revenue. i like to look at ibm's cap x num numbers. for years just a fraction. cap x declined again by nearly 30% to $529 million. keep in mind that we really have seen a legacy tech stock revival this year and even with today's bump up, jon, amazon -- ibm, excuse me, has really been sitting it out compared to oracle, cisco and hp. >> cap x is not where you should look on ibm. a reason they're talking hybrid cloud. not trying to compete with microsoft and with amazon, aws on infrastructure. where they're going to succeed if they do in the cloud is on software and flex amounts. what red hat is all about.

not cap x. >> right active on the m & a front however ibm says it competes with the amazon and microsofts of the world and amazon -- >> nots on infrastructure. >> in $60 billion. they want to be and in the cloud. right? >> don't expect to see them trying to bulk up to that degree on infrastructure. that's why there's a hybrid thrust not their game. >> all right fair enough. fair enough. >> carl? >> carl? >> guys, yeah. we have seen modest price target changes on ibm today, jon, credit suisse went to 165. in terms of changes to adjusted eps estimates full year not a lot of movement. still a "show me" story. >> yep definitely we'll track it. i know one analyst, bernstein,

analyst, sometimes called it the hope trade ibm does well beginning of the year not necessarily end of year continuing to track that stock so widely held. and out with a survey of the world's most trusted brands pulled in march of this year hear about the anger and backlash most trusted in the world, google believe it or not. paypal, microsoft. another brand, youtube, amazon rounding out the top five. common theme big tech are the clear leaders, despite everything we talk about in terms of privacy and trust and anti-trust. >> meantime, guys, rosenblatt naming square and paypal top picks. bullish on digital wallet operations china launched its own state-sponsored cry ed cryptoc. that in a moment by the way, dow down, worse drop since march 4th. don't go away.

we mentioned before the break worst two-day drop for the dow since early part of march here dow's down 314 and generally cautious tone. only seconders green are utilities, health care, staples and the vix, back to 19.5. >> yeah. carl, time for a reality check on state-sponsored crypto.

china launched its own competitor to bitcoin called the digital yuan we wanted to put it to the test and find out how far digital yuan can get you in china. here's our report. >> reporter: at sthis shopping mall, testing out china's new digital currency safe, convenient and it works, he says. apple pay, use your mobile phone. less tech savvy can get a credit card-type card but it's not a payment system it's actual money. the digita al yuan issued by th bank, stored in a visual wallet and tied to the chinese government fixed to the digital yuan of one to one physical yuan is har digital can keep an eye on money

flows and can expire to encourage people to spend. those controls don't worry lu who says the digital yuan others greater privacy. meaning the currency could cause a threat to companies like ten cent and ant group my personal information and data is already in the hands of big tech, he says. shops that use wechat and alipaid leez to processing fees. the digital yuan is free. and after all that, you can buy everything there with digital. if you want an entire outfit from the burberry score you could do it with this. the true test when and how beijing allowed international transfers. because that could be potentially destabilizing. guys >> huh. >> and international transfers

sort of -- besides the point right? not something used to pay for things yet digital yuan, interesting. because its primary purpose is to pay for things. in that sense, how could this be a threat to the u.s. dollar? isn't is way for the chinese central back to keep more tabs on its chinese population? >> reporter: that's one potential goal of the chinese government, but another goal that people talked about here is that the chinese government might want to really digitize the entire economy have the entire economy run on digital yuan as opposed to the fiscal yuan. in terms of the digital yuan really being a risk to the u.s. dollar dominance, it's not really seen that way here. mainly because the digital yuan is more of a mirror of the

physical yuan. like a surrogate still comes under and is expected to come under the same controls that the physical rmb is under so no -- no free trading or anything like that in that way that could really make it difficult for the digital to it challenge the u.s. dollar dominance that said, there is something that you can do with a digital yuan that was kind of interesting, because i can actually transfer digital yuan to someone else with or without an internet connection directly if i wanted to, and that's -- people with a digital wallet that's being talked about as an around for u.s. sanctions in case you're a chinese official with issues and not want to have the u.s. government see all of

these transactions that run through the traditional, you know, swift and financial systems. so that is potentially something that could happen, but a lot of big questions right now about the digital yuan. >> as with many things when it comes to china's system with tracking horrified and fascinated at the same time. seems to be the opposite of what's happening with crypto over here. this is a super centralized currency for people who trust the government, but don't trust companies. also this idea of an expiring currency i wonder what would happen if the u.s. were to put out stimulus with an expiring currency that make it hard for people to save and would people trade it for less money than they could save would it really stimulate the economy? so many questions. >> reporter: so many questions and something that actually is being discussed worldwide. china isn't the only one talking about having a digital currency.

a lot of people follow digital currencies and said this is something other countries should be doing privately they say, probably other countries would want to do that, because they could have whole visibility on transactions of other citizens and of criminals. there could be potentially, you know, some good uses for this, but at the same time, china, because it has such control here over the financial system might be in a much better place to be able to roll this type of system out. in a more -- successful way than other countries. >> absolutelyfascinating eunice, viewers are smarter because of your coverage from china, thank you. and when we come back, apple versus facebook. but making action figures? and then what feature of product do you want to see from apple today? your ideas coming up next. you're watching "techcheck."

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you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. unboxed. fit bit launching a new fitness tracker. available pre-order starting today featuring up to five days of battery life and six months of fitbit's premium service for flee it's aiming more for a luxury fashion-forward audience here, and notably, this is fitbit's first product launch since being acquired by google, carl.

>> interesting meantime, of course, annal spring-loaded event in focus looking for air tags, new ipads, perhaps, new operating systems also in focus. apple stock up 400% in the last five years the last five years, trading about $10 below the all-time high of 145 we got in january. with apple's event kicking off in just over an hour, let's bring in tech columnist joanna stern. what will be the lead? >> what is going to be the lead? i think it may not be what everyone wants to be the lead which are macs or apple tvs. i think we are waiting for the long-awaited air practiceds. we also will only hear about i west 14.5, the long-awaited update that has mark zuckerberg and the ad industry on the seat of their pants >> yes how much do you think the needle moves forward on that latter

point? do you expect -- i have been struck personally, the way in which the rhetoric at least has been elevated with tim cook on kara swisher's podcast do you expect it to get more heated >> i expect it to get more heated from the facebook side and the app sides. other apps and other companies that have been very vocal about it, i think they will keep pushing on it. i don't think apple cares anymore. i think they've waited, they put some delays in place or they allowed the product to evolve a little bit because of this backlash they have worked and given them time, so i don't think apple is really going to keep the rhetoric going th they're just ready for it to come out. >> right joanna, what about some of the wild cards that have been speculated may come out today as well like augmented reality features or mac-related upgrades will this move the needle? >> i don't think we're going to see the mac upgrades as much as i would like to. i think the combo of the chip

shortage and also apple just wanting to put more focus on the mac, i think we might see it later on in the spring or later on in the summer certainly we are all waiting on the imac that's been long in the tooth for a while and we're waiting for that to be updated on the ar stuff, i think we will continue to hear about ar in the context of the ipad which they've updated with lidar and other sensors and it has a beautiful screen, and this new one is supposed to have a better screen so i don't think we will hear about ar in the long-rumored glasses or the mixed reality headset. >> remember when steve jobs and tim cook in particular said the ipad was the future of the computer now we are in this weird position where the ipad pro seems to be kind of the leading edge of ipad and it is pretty expensive. meanwhile, the macbook air is the leading edge of the mac. it is kind of sub thousand

dollars, 999 with an m-1 chip and runs ipad apps what is going on why do i need an ipad? >> i have the same question actually i use my ipad and i had an ipad pro i was reviewing for quite a bit of time and i hung on to it and i was using it here and there. then i got the m1 i pad pro and i realized i never touch my ipad i type a lot, i like the laptop form factor. i think we will hear today about the other things you can do with the ipad you can't do with a mac, writing on the screen, the new pencil i think we'll hear about, other functionality and mobile tech nol you would want to attach to just a screen it i think we will hear also the screen technology again. they probably will make a big deal about mini led technology i think apple is trying to differentiate, but my question is why not put a touch screen oo

the mac. >> joanna, back to facebook ios. you also have a creative way of looking at various trends in technology, and you've had some fun with this one. take look at this. >> in the white corner, apple ceo tim cook! in the other, the facebook ceo, mark zuckerberg! [ bell ringing ]. >> well, folks that's going to leave a mark pun intended >> boo >> i like that better than the elevator pitch that's really good >> you like it i brought these guys, too, today. i put some makeup on them. they're ready for air. i know you were having a hard time booking both of them together, so here you go sorry, producers >> yeah, i can't wait to see if there's a round two. >> yeah. and i did this honestly to help people explain, to help to

explain to people what is coming with this ios update it is very complicated, what shapg bis happening behind the scenes, what it is doing behind and with your data. the heart of this is really an explainer of what is happening when we get the update probably sometime this week or sometime next week. >> yep joanna, thanks for helping us set up the event later on today. we will talk to you later. joanna stern of the "wall street journal." >> see you soon. >> love the action figures meanwhile, crowdstrike initiated with bye, price of $260 up next, would you get a haircut from amazon? it may be an option soon that is coming up after the break.

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for our crowd source, we asked what feature you wanted to see from today's apple event or product that would really change your view on apple stock a mac with a touch screen, joanna just mentioned this it was a top pick by viewers as

well the 14.5 continues dominate the conversation consumers, guess what? they want to control their data, guys another viewer wants to roll back the clock, enough with face id bring back the home button jon, i don't disagree with that. i miss the home button, too. >> i have gotten the iphone se still has the home button, so i agree. who would have thought, people want a refrigerator, toaste. one more thing before we go, amazon opening a hair salon in london i will be visiting the location will be the only store front that touches the technologies around touchless price checks, maybe use augmented reality to let customers preview what cuts or colors might look like amazon says it is the only one, i guess the only blow-out yaryard quarters we get will have to be from earnings.

the market move show in amazon serious about using tech in everyday life. >> i did see they're on a path to power operations with 100% renewable energy by 2025, ahead of target. of course it was a big target in bezos's letter about the climate pledge the apple event today, netflix tomorrow, verizon tomorrow let's get to "the half." ♪ oh, yes. so much going on, carl thanks so much welcome to "the halftime report." i'm scott wapner the slide in stocks why another well-known strategist says a correction is likely coming. this as we wait for the apple event. that stock underperforming the other faangs joining me for the hour are stephanie link, tiffany mcgee of pivot advisors, jon najarian and josh brown with us good to see everybody. the dow is down by nearly 300, pretty much lows of the day. s&p down, well, approaching 1% as well. nas