could be a reality show. >> sleeping in capsules. elon musk getting ready to do "snl" on may 8th. >> should be fun. >> so much to talk about there with him meantime, a busy week. does it for us here, though, on sks sks. "techcheck" is going to start right now. ♪ happy monday welcome to "techcheck. i'm jon fortt with carl quintanilla and deirdre bosa today tech put to the test as big week of earnings kicks off alphabet, microsoft, facebook, amazon, apple on deck. apple's controversy privacy setting goes into detect facebook arguing small business mostly inconvenienced.

later, elon muck precedes his "snl" debut with earnings after the bell today what we expect this hour deirdre? >> tesla certainly the focus up slightly ahead of these results. and crypto, bitcoin showing a little bounceback of its own after a steep drop nasdaq lagging behind today. the calm before the storm, perhaps, carl? >> the store's definitely coming, as jon set most important thing in tech, at least this week, earnings. mentioned most of the lineup earlier. in short, five biggest tech companies in the world plus pinterest, twitter and tesla apple record growth for most names during the pandemic. apple, jon, by metrics lagged some kicking around a bit of heightened commitment to jobs and investment in the u.s. >> yeah. there's a press release out. we tend to sniff at press

releases i think they're doing a bit of a stretch calling this 430 billion an investment, but it is spending in the u.s. some of these numbers are just important to let sink in 3,000 jobs in north carolina alone. $billion campus building out, $1 billion. has been a long time, important technology hub coming out of a pandemic when so many states and communities need investment, it's important go on to list a number of other things they're doing spending in california, colorado, massachusetts, texas, washington, iowa, red and blue states this is the time when big tech is under a lot of pressure, and this type of spending, not saying it buys you a lot of friends. it earns you a lot of friends, though, when you're actually contributing as much in tax dollars as apple has been over the last five years. $45 billion in corporate taxes deirdre, also building in these communities.

>> yeah. we've seen similar announcement over the years investments in terms of jobs from amazon. the tax story a little different there, but, carl, when you look at purely revenue growth and look at the busiest week this week ahead with the five mega caps apple, revenue growth the last five years -- 17%. compare that with an alphabet rising 143% over the last five years. puts it in context looking to amazon as well. last quarter, first 100 billion dollar revenue quarter expected to do it again at a time when we see leadership changes there. andy jassy will be taking over in the third quarter carl >> yeah. all responding to various dynamics regarding the macro economy, guys. in alphabet's case, for instance, the ad market, travel market amazon, beginning to see signs, jon, of ecommerce, maybe seeing a touch of market share as the economy opens up, and then so

far as hardware and pcs and apple, remains to be seen to what degree the enterprise remains a sort of demand as the i.t. budgets are re-invented. >> yes, indeed stick with this and bring in the palantir co-founder and ceo. i take it you're in texas? >> this is my office in texas. austin, texas. >> yeah. well, you know, let's talk about apple. their growth compared to some other companies in that big tech space, not as big, but, hey, i mean, look at their revenue and their profitability compared to others it is impressive they're investing outside of silicon valley, including really close to where you are how do you gauge the importance of these companies to the economy taking into account not just their stock prices but also where they're spending >> you know, apple is very important. that's why dialectic with two different sides to the argument.

one hand, all sorts of abuse of practices, they've become a monopoly can do what they want and cause problems to people unfair as a huge part of the economy. on the other hand you want a strong apple, strong big tech companies for america. they win, benefits the whole country. you don't want to swing at these things to hurt them, but hold them a little more accountable for sketchier behavior given it's such a big part of our economy. >> joe, good morning it's deirdre also you said in our pre-notes the companies are fine bets if the government let's them exist. do you expect regulatory pressures to start to weigh on shares this year i mean, we haven't seen much response from investors over the last few years the scrutiny has been hyping? >> these guys are really good playing the regulatory game. a big company, that large and that successful you have thousands of lawyers and really good friends with everyone running things in d.c. these guys playing the game right. the question, are the regulators courageous enough to step up,

enforce these guys to behave willing to force the app store, clearly a utility for our economy at this point, to have clear rules that they don't change on people so people invest millions of dollars and somebody changes the rules. all sorts of ways i'm sure for small businesses that's unfair and for the economy for them to have this utility and treat people however they want you are going to hopefully see the courage to come at that, and that's going to -- hopefully do it in a way to keep apple still strong we want apple to succeed for our economy but not holding accountable free speech, app platforms that's dangerous if we don't do that. >> hmm joe, i wonder if you have been thinking about the degree to which there are pockets of the market where valuations have really been hurt hurt badly in the last three, four, months in mobility and spac issuance has come to a halt seems to be masked by the continued enormous size of these giants in which money is

passively invested i wonder if you think it's clouding things about the economy or the market that we should be paying closer attention to >> you know, the last ten years, people get stuck trend goes on a long time and you get complacent about it. the last ten years have been extremely good for big tech companies and monopolies growing to the point dominating the entire economy i think there are areas where high with big tech companies but a lot of challenges, changes, a lot of shift in spend and new areas around the enterprise that the market's not pressing in yet. >> joe, we're talking about investing really writ large. i want to ask your take on capital gains now. capital gains tax hike, perhaps. some would say if this hike goes into force, and i don't know if it's good policy or not, but that it will destroy silicon valley. do you agree

>> it will definitely, definitely harm the innovation economy. i think a few key things there number one, like, the way to maximizerevenue, this is a bipartisan study around 28% or 30%. 43% takes less revenue to punish people are you punishing? employees, work for big tech get a bunch of cash each year or take a bet on a new company? build with my skills a cap gains rate lower, essentially go and help build something new. the same anyway on income and top gains might as well make $3 million a year at google and a better deal to go with a big company. helps big companies. hurts us trying to build new things >> big companies also in silicon valley sounds like silicon valley won't be wiped off the map >> depends who you think of as silicon valley i'm in texas, not silicon valley, the culture shifted.

a lot more risk diverse people tens of thousands at google, apple, oracle, a lot more builders around the country. might hurt innovation economy if not careful what the intent is. >> right probably only one that left silicon valley over the last few years. before we go, i want your take on crypto. you've said gold is a safer value versus, safer store value, excuse me, versus bit kcoin right now is that the case bitcoin rebounding sharply this morning but, of course, volatility is name of the game here we should expect this? >> bitcoin is a bet, deirdre, that the emperor has no clothes. a bet against overregulated financial systems, all smart people lead the banks. bet against the kencentralized . system a bet a lot of us are deciding to make because it's a time

obvious emperor has no clothes a lot of ridiculous things going on thrown around in sloppy ways bitcoin is a way to opt out of the system so a lot of people are making that bet right now. >> joe, there seems to be tiny examples where it's being accepted as a payment mechanism in the small pockets of the economy. there's an nfl player today tweeting he's going to immediately take his salary and convert it is there a, a corporate where if they did say we're going to accept as payment, it would truly turn your head >> well, i think elon said, for tesla, excited about i think that the bigger thing is turning my head, when our friends whose family against $600,000 for their restaurant and already fired everyone, pay their family and friends and it's allowed money thrown around like crazy with the policy now. bitcoin is fundamentally a bet against the system a bet against the fact we have a centralized financial system run

by crazy people at the moment. so whether or not it's the last administration or this one, a lot of us think the government should not be in charge and why the coin is so popular and has a really good chance of being something big. >> joe, good stuff provocative and we love helping you kick off the hour. please, come back soon. >> thanks, jon appreciate it. and meantime, announcing elon musk, might have heard, will host "snl" on may 8th your chance to get in the writer's room. tweet us at cnbc "techcheck" with your best joke for elon's monologue. you can scan the qr code bottom left of the screen taking you to our twitter feed and show off the best answers later in the show. jon, maybe the writers actually incorporate some >> all cleared by the s.e.c. going to be great. facebook says actually apple versus small business. that's next. "techcheck" is just getting started.

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a gut check on etsy. gown grade key bank sector weight firm says still has the best long-term growth story in its reopening basket, but taking a pause as etsy's more than tripled in the past year and more than 20% up this calendar year. d? >> well, becoming major showdown in the world of tech apple's contentious ios privacy changes set to go into effect with facebook arguing they will hurt small businesses most julia boorstin explains. so much back and forth here. >> that's right, d facebook's crew technique of apple's new operating system enabling people to opt out of ad building, damage reaching ads on facebook's platform. over 200 million businesses use facebook's family of apps warning apple's changes will cause as much as a 60% decline

in those companies' sales. harvard business review issued a report saying estimate of 60% in revenue is too high. facebook is working with small business owners, such as lucy kelly, who spent $25,000 on facebook ads last year to promote her jewelry and crafting class. she's worried about losing customers. >> what this means is that i am either going to have to find a huge amount of budget and get in front of a whole lot of people and hope that the right people are somewhere in that audience, or i'm going to have to accept the fact that advertising isn't going to be for me, and my business simply might not have that as an option. >> facebook encouraging kelly to build groups, build up her direct email list, and facebook is offering its users tools to support local businesses with the businesses nearby feature on facebook as well as its facebook shops tab and a small business hub to share best practices with

entrepreneurs such as kelly. apple says supporting small business is at the heart of the app store since created to help developers of all sizes, help them develop, test and distribute apps around the world saying we recently launched app store small business program and for ad supported business models developed innovative, free, technologies of course, what ends um happening now, all depends how many people choose to opt off targeting. research firm appchoir pappsqu% more likely to opt in. losing ability to target over half their audience. carl, opting in or out or will it depend on the app >> i think, in my case, guys, i already am subject to so much targeting i think i'd opt out. jon, you >> i find it very hard to care about the small business angle here, because to me it's about civil liberties. getting to choose where your

information goes if that makes it harder for them to target, figure out a way to do it without, you know, sneaking into my data, deirdre i mean, this isn't complicated for me. >> well, shouldn't the fact that so many users want to opt out, tell facebook something? they're not really giving users what they want a lot of people don't like targeted advertising right, julia sending a pretty big signal. >> i don't know. deirdre, so many people are buying things based on the targeted advertising it means advertising is working. the fact that facebook has been able to report such high growth quarter after quarter really indicates that people are responding to that advertising i guess the question is, if people start getting ads that are totally irrelevant will they choose to opt in again and say rather get something that's sort of vaguely interesting to me carl >> a great point. >> fascinating. yeah julia, actually a really textured and layered debate

about what consumers will do julia boorstin bring in kara swisher, co-founder of recode wonder, limping to julia's report, you have to believe that even if this goes opposite to what facebook wants, they're going to find ways to adapt. aren't they? >> of course lots of ways to track people the issue, tim cook talked about, track within your own app. if people want to do they can. if they don't, they don't. not a particularly powerful argument i agree with jon on this one what they're trying to do say this affects our businesses and we've had this great time chasing you all around the internet off our apps even. now we can't do it maybe the gig is up. we'll see. one of the thing facebook and others relied on many years not as innovative, inertia people are like, fine. just say yes they may be more powerful. may be a more powerful force than you imagine here. i don't think people are dieing to get great ads anywhere, on

facebook i think this argument about small businesses is a difficult one, and the issue is we, the only places to advertise are two companies, facebook and google maybe that's the problem. so there's all kinds of issues here i think facebook is pointing to that maybe they don't mean to be doing while they're doing it. >> fallback argument from facebook's side is that apple is treating third parties differently than it's treating itself that users of apple apps don't have to opt in to having their data used. i'm not sure that that holds up, because of appleal's adoption of differential privacy and anon maization of data within its apps plus if i'm using an apple device with apple apps and signing in to an ios account that i have opted in what do you think? >> i think facebook shouldn't have had such a bad phone. maybe should have done a good phone many years ago maybe should buy a phone

company? lots of things the reason apple is successful with the people that use it, they like the system, they're in the ecosystem. i feel i'm signed into apple when using their apps and don't feel like they're constantly trying to ping me for data and things like that it's really clear that companies like facebook and others are just giving people the choice is fine if people want it opt in they should the opt in is the thing. not opt out. because opt out leaves, advantage facebook or advantage anyone who wants to collect a lot of data. just the way it is they just don't like the way it is and should, if they don't like it, have a phone that people use, the facebook phone and opt into their system and be very happy living in facebook universe, if you want. i don't know >> lots of people love the operating system last week i spoke to snext door ceo and asked what she thought about the changes.

she welcomed it. gives competitive advance because we built our own ad stack. interesting to hear another social network welcome these changes. is there other platforms you think small businesses are now going to move to is this going to be the most important thing to hit that google, facebook duopoly we've seen grow and grow >> i think it gives an opportunity for a lot of things. you make your businesses based on what consumers want consumers don't want to opt in to targeting, they don't have to i can't -- honestly, apple's got a whole myriad of issues when tim cook said that in my podcast i don't understand why this is an issue people should be able to opt i and out of data usage. that is basic. sort of waving their hands over here about small businesses, washing their hands on lots of issues, pointing ow discrepancies in the apple system, that's fine. fact of the matter apple has an ecosystem wants to do this and

will be able to do this and facebook has to cope with it gives opportunities for other companies to say this is how we're handling your data, using it for, these are the benefits you get from it. i'd like to hear the benefits from facebook rather than everything that's wrong with tim cook or everything -- this sort of fearmongering kind of thing like to hear benefits of opting in what do i get, facebook, if i opt in what don't i what are you doing with it it? why not make that argument should make a good argument why to use their system. >> such a good point julia just touched on this saying maybe a bunch of people will opt out, get a worse experience, worse ads and decide to opt in again. do you think that's possible people will actually see what a non-targeted experience looks like and think, hey, maybe it was better before? >> yeah. i want to -- tell me why i should love you, mark zuckerberg tell me why being with you is better than somewhere else if he can make a case or facebook can make a case, i'm all-in i'm not all-in with facebook,

would opt out in a second. i don't trust them with anybody's data longtime information thieves whatever make a really good case why it's good for me and i can think of a good example say positively about facebook. instagram ads can be good and interesting. i find myself interested in buying things i would never have interest in buying, i don't know why but it's effective i would like a little more control. not a big thing for consumers to ask and i think they taked a advantage of people's inertia and laziness that's kind of gross give people the information. they make their decisions and then you have a business sounds good to me. >> but, kara, take off your consumer hat for a minute and put on your recode hat right? to the degree you are trying to reach new users and visitors to the conference and what have you, how would you adjust if we saw big, big portions of the population opt out >> i think it's a big problem. the two companies that they

control all the online advertising. i wish regulators would get involved important issue. everyone i talk to that has a business and wants to do marketing is like, uc. i i have to buy facebook ob r app. we don't happen to sell on facebook or use it much. i get it that small business owner doesn't have a lot of choices and the choices are expensive. it's a problem also a problem she doesn't have any choices, which doesn't look well for facebook or google. >> i assume youy agree. environment is not fertile for a third choice to come around at this point at this scale? >> no. unless enforced by apple or another entity you have a choice. gives opportunity for other companies like, say, next door to say, we'll offer you this, this and this and this is how

you reach people locally a great idea sarah's a really smart ceo makes sense to me. local stuff? sure local buyers on the next door platform sounds interesting if using that platform, which i use from time to time. >> all right yeah no we heard from deirdre, brought sound last week, fascinating interview. as was this, kara. always good to see you thank you. >> thank you. kara swisher. coming up, why tesla fans are checking out the comp physician in china and later the ceo of uniform brex, raised a $7 billion valuation. "techcheck" returns in two. with a bang, energy and change came to every part of our universe. seismic or small, it continues. change is all around us. shaped by technology and human ingenuity, we can make it work for you and your business.

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get the food you love with perks from- - [crowd] grubhub. welcome back to "techcheck" on cnbc. i'm carl quintanilla with jon fortt and deirdre bosa, covering biggest trends in technology and business stocks higher. did you notice the nasdaq is highest since february 16th now. a two-month high not far from an all-time high

after that and top of the list, skylinks, viacom a bit lower and moffitt upgraded earlier to neutral from sell. >> yep time fou a news update rahel solomon has that for us. >> good morning, everyone. elevator maker otis worldwide writing a strong earnings record shares up about 7%, and hit a new record high since the company was split from united technologies last year. u.s. supreme court asking the biden administration for its views on whether volkswagen can be sued by local gofrts after damps resulting from the carmaker's emission cheating scandal. and recreation of vehicles first three months of the year surging to a new record. first quarter shipments 10% above the previous high. march shipments also set a monthly record and the ceo of british airways says the u.s. and uk have a "great opportunity to open a travel corridor between the two nations. due to high vaccination rates.

comments come a day after the head of the european commission said fully vaccinated americans are able to visit the eu in the comes months perhaps a little paris in the summer, jon. i don't know sounds good. >> does sound good. >> option at least. >> yes. talking tesla. earnings after the bell this afternoon and the street is split. just last week citi reiterated a sell rating and goldm man stood firm rocketship stock up more than 700% for the year. shares up marginally for 2021. about 3% underperforming the s&p overall. carl, it's hard for me to know whether this stock is moving based on just risk appetite in general. something else how do you stomach that 700% rise and know where it goes from here >> yeah. i know so many cross-currents

obviously domestic security concerns new headlines about legislators trying to address driverless technology you got obviously the chip shortage, d, a big issue and china. morgan stanley adam jonas last week said the market needs to understand their position in china, his words, will be diluted over time. local players encouraged that's just how it works over there. >> right same time, though, manufacturing ramped up in china sort of losing model x and s sales, higher margin going towards the model y in china have to wonder if manufacturing in that ramp-up helps there. jon, talking about tesla becoming, justifying these enormous gains right? the bulls believe that's more man a car company and a lot of excitement, at least has been, over self-driving. that feature could software really start to contribute to huge driver revenue growth going forward got to wonder, does the accident

in tesla pour a little cold water over that? not for this quarter necessarily, but for the year ahead, if tesla can start to monetize that full self-driving feature? >> back to the point made about tesla manufacturing in china why that might matter. i think you're exactly right look how apple fared the fact it's got so much assembly in china, retail in china, it's managed to power through despite so many, you know, nationalist, you know, other political types of headwinds other companies have suffered helps when you employ people, when you're creating jobs, as apple knows apparently in china as in the u.s. with this announcement this week carl >> yeah. well, obviously, just -- just one part of the story this week, jon. wednesday and thursday nights will be crazy this week. >> they will be. we'll be very busy and, guys, speaking of tesla in

china, right huge cult following there, but fan dual thchina, wandering eyes visiting the shanghai auto show explains. >> reporter: carl, tesla come under fire in china recently with state media and the communist party calling the company arrogant so we followed two tesla owners at the ongoing shanghai auto show to see what might break their loyalty to their beloved car brand. xavier jeong and david are tesla fanatics cake to the show to see if any of the many tesla wannabes can stand up. >> do you like it? >> ah -- >> reporter: working in finance, the other in i.t john bot a model y dreams of upgrading to a tesla rose ter he loves his model so much he sleeps in it on theirlet, established

carmaker the new 001. >> what do you think >> reminds me of a model three, he says, like that's the standard >> reporter: next stop, et-7 by new york listed neo. >> so i think low to ground. i think when i drive it it will feel like a roadster. >> looks like the number 3. >> reporter: some ev makers didn't merit a visit passed over because he doesn't like the company name but found a car he does like like new onor way. trouble with panel drops but not like this. to judge a car you need to know how it drives. after a dake of kicking tires -- >> all good but i feel tesla for now. >> tesla >> yeah. >> how about you >> so far so good. need to business tesla. >> reporter: despite official criticism there's a reason the model 3 was the best selling electric vehicle in china last year.

carl >> a great spot. eunice yune in china, thanks. in case you missed it last night, facebook's inknock cue louse and ea split an oscar. first time for a video game. read more about that only on cnbc.com and find out why gamestop's ceo is not the only one walking way from the company with millions. more on that next. when "techcheck" continues. ♪

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time now for a segment we call "person a." last week gamestop announcing ceo george sherman would step down effective july 31 or earlier upon appointment of a successor. according to filings his exit calls for accelerated vesting of over 1 million shares valued at about $169 million as you know, gme is up about 700% this year sherman's not the only one to cash in on the rally four executives recently left the company taking with them close to $300 million in vested stock. changes in the c suite co-founder ryan cohen continues to play a larger role within management, helping with the pushout of traditional brick and

mortar retail moving them towards ecom gamestop announced cohen will become its chair following the company's annual shareholder meeting june 9th that is an interesting development, d, in the way executives have left and taken shares with them. >> what a time to be a gamestop investors and to be ceo of a company that has grown, can we say it, jon, detached from fundamentals walks away without execution on what people are hopeful of left to cohen and the incoming ceo and raises an important question, though how should executive compensation align shareholders' interest, customers' interest, employees' interest? an important question in this day and age. >> you know, it's stock and investors benefit. he and the other execs benefit best deal ever. >> walk out the door and get that benefit. >> probably a -- about, what

50 better than he expected speaking of meme stocks look at microvision up over 20% today. this stock eclipsed gamestop bets and reddit traders are talking about it the most according to data firm think tank and captain wood increased their position and made a bullish case for that stock don't miss the ceo of skills later on a cnbc exclusive. 3:00 p.m. here "techcheck" back in a few. we detect and put out fires, and help people stay safe and secure inside. our innovations keep foods and lifesaving medicines cold and fresh until they reach those who need them. at carrier, we create solutions to help you build a brighter future...

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"techcheck" is live on tv and lives online every week we bring you a variety of exclusive content to find on cnbc.com/techcheck from fort knox digital show dive into back stories of three tech execs managed to rise above personal tragedy and lost. the comeback is always stronger than the setback even people at the top seem like they have it figured out can get racked by self-doubt or deraile. the ceos that make it through learn how to overcome and make a comeback these three dynamic leaders tell me exactly that. >> back up. >> get into your origin story. >> you, you. >> you as an individual before you. >> founded all of this. >> i had a lot of doors slammed

in my face. >> hired me at my worst. >> a number of life threatening moments. >> i joined the wrong company. after four, five weeks was not successful first time in my life really hard. dealing with two young kids and careerbound and my wife not able to fight the cancer and passed away, left with two kids took a long time to recalibrate. >> take out your phones scan this code. take you to our website to watch this full piece, and watch more original ditchistal content. cnbc.com/techcheck and follow our show linkedin page and twitter account for more content. there at the end, that was the ceo of replicant, deirdre, ai customer service company the way another ceo looked and saw his talent at his lowest point coming through that

experience he was talking about shifted the way he thought about the importance of people and networking. >> jon, loved that so much rarely do we get to spend a lot of time on that human element, and the resiliency that entrepreneurs at the earliest stages, even the late stages, we've seen over the last year, need to have when growing their business or keeping their businesses alive definitely check that out. that longer fort knox. still to come on the show, a new fintech approaching dekacorn status and listen us to on the go anytime, anywhere, wherever you go on podcast. more "techcheck" right after this.

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called by some a start-up enemy of wall street, fintech unicorn brex expanding into an all in one service notching a new valuation of more than $7 billion. joining us to discuss henrique dubugras thanks for being with us good morning >> good morning. glad to be here. >> great to see you again. so very frothy times right now in the start-up world. let me tell awe few stats. average valuation for late-stage start-ups $1.6 billion deals are larger they're happening faster your customers are all start-ups. so if the environment cools some of them fail, which they inevitably will.

what is brex's risk? how are you hedged for that? >> look, brex today serves not only tech start-ups but any business in the u.s. we have customers going from early stage start-ups, all u.s. all the way to mid-market traditional companies in the mid best we're definitely hedged against anything that happens in tech, and also, i think, one thing that helps us is we're not only credit card, we have brex card and brex cash. today we're also launching brex premium, a software layer in which you can have spend management bills and integrated. you could replace your chase business account, your amex card, and because of that, we're also a lot less credit risk,

because there's a lot more production that our customers are using as well. >> that is a good point. we're seeing an increasing number of fin techs expand as you do so, you're coming up against behemoths, and also traditional bank, will you see a bank charter potentially >> we have applied for a bank charter in utah, but the division to brex is creating what we call all-in-one for businesses we want to maximize every dollar with the goes to reduce necessary spend we want you see to do what you do best the traditional solutions are very segregated. i have to integrate five, six companies for a small business or medium-size business to run

off efficiently. >> the way this plays out in the mark, often tends to be a big defining expense, oftentimes they spaces consolidate and the more powerful players end up buying ones, getting customers that way what do you expect to happen >> if you look at the banking market in general, it's not an extremely concentrated place there are many, many banks in the u.s. that have really larg market caps, because they're really good serving certain niches i think that's normal for a market it's no a winner takes all market the way we are approaching is is by not only doing the banking kind of services we do corporate cards and business cash management accounts, and i think that generates a big differentiation that's hard for

the legacy players to do, because it's really hard for them to build technology what we have done at brex is basically rebuilt. we don't use any legacy software or old bank software we build everything from the ground up, with the most modern technology the two we are launches today is spend management and bill pay. we can detect unusual alerts for example, if someone is spending too much somewhere, and it skips the eye of a manager, we automatically flag it or we del real-time into your business and know exactly where it's going, and you can pay your bills through e-mail just forward your invoice to

bills@brex.com, we can get the bill paid. >> a quick last question traditional banks, they like to say they are partners, they work in cooperation, but really there's been moretension, jami dimon calling for more regulation, how is that evolving, traditional ones >> i think there are two types of bank, the ones that understand they want to partner, and we have an amazing relationship, and we're super grateful to them they're the ones that just want to compete and there's not a lot of dlab race, with those banks it's more of a competitive state. for example, today, we are announcing our series d, which is a $125 million raise from tiger global, and we now have enough capital to go ahead with a lot of these larger banks. finish tech in the past did not have enough capital to go against the banks. i think that's changing now. >> right

we're seeing the valuations get higher and higher. thank you for being with us. >> thank you so much after the break, disney plus sends under the circumstances customers an unfortunate e-mail. plus some ideas for elon musk's snl monologue, when "techcheck" comes back to a world that must keep turning. the world can't stop, so neither can we. because the things we make, help make the world go round. they make it cleaner, healthier, and more connected. it's what we build that keeps things moving forward. so with every turn, we'll keep building a world that works. - if you want a rockstar team like ours, you need grammarly business. (guitar strumming) grammarly business turned my marketing team into rock stars that amplify our bottom line.

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one more thing before we go. some disney plus subscribers will have abextra $10 in their pockets after the company send an e-mail before proofreading. the wrong pricing e-mail went out. is this the new carriage dispute? roku thinking they might drop youtube because of what they cause andy competitive and predatory behavior that's definitely raising some eyebrows today >> it's getting hot out there. disney will be back for their money, though, dee i think they're going to get it. >> i was going to say, $10 back

in my pocket with the amount of money i spend on streaming, sure, i'll take it we have to relief the best answers to our crowdsource we asked for the best joke to add to elon musk's snl monologue, one viewer writing, a miami lord and dogecoin, and now we sell tesla cards, oh, way, now it's 1.7, or you can go the other way, ivan. a few more responses that made us laugh, but they're not safe for our air, carl. we will have to tonight in i can't wait for that one. we definitely have to curate the responses we get from viewers. just to recap the story we led with at the top of the hour,

that will be earnings. tomorrow it gets very busy with industrials, u.p.s., lily, 3m, g.e., but then it gets interesting from a tech point with google, microsoft, visa, texan and a lot more buckle up. a lot is headed our way. let's get to the half. >> carl, thanks so much. welcome to the "halftime report." it is as carl said, a make it or break it week for tech all reporting earnings we'll debate what is at stake with our investment committee. liz young with us today. steve weiss, and let's go to t