space flight about bezos company playing awe the fact they haven't achieved orbit with any of their rockets meantime another big hour ahead. does it for "squawk on the street" add "techcheck" starts right now. ♪ good tuesday morning welcome to "techcheck. i'm deirdre bosa with jon fortt and carl quintanilla today lyft sells off its self-driving unit to toyota. we dig into why with the co-founder plus adopi partners with fedex for free two-day shipping. and later, disney's strategy for espn plus.

a new exclusive content, we speak to espn's chairman. and in the red, tesla the beg story falling despite auto revenue up 75. a lot to get to in tesla. ahead, two big earnings ar the bell tonight, reporting on, jon, we know a monster week for tech. >> most important thing for tech today, mobility. logistics delivering the right things at the right price. told you about lyft selling off its self-driving unit to tesla and paying 0% commissions, 15%, 25% or 30% stock up nearly 5% and adobe announcing a major partnership with fedex, d

differentiating themselves and tesla big mover of the day stock down roughly 4%. deirdre, you know, we talked about this yesterday hard to know exactly what tesla's moving is based on more than just electric vehicles it's a play on a shift in energy globally and, boy harks it had quite a ride. >> and ai, comments think of us as an automatic company. something for bulls. the belief that elon musk is building for the long term, and that theme of artificial intelligence robotics plays into that some of the real world technology tesla had to solve for itself. >> yep ron baron may be tesla's most thames investors, a letter out this morning talking he bought

at 43 a share. split adjusted from 2014 to 2016 shares did little five years an boom up 700% last year and in the words of ron baron, we believe it will at least triple again in the next ten years jon, a lot of that belief will be centered around the idea that it's not just an auto company. >> yeah. larry ellison giving him a run for his money. plenty of investors watching tesla, carl, either way. >> guys, brings us to our first guest to talk about tesla, earnings, all the rest dan niles. great to see you again love your take. >> good to see you, too, carl. >> all right so i think the lead here, if it's tesla, may be that you think valuation's a little too high to get interested >> yeah. that's really all it is. elon musk is arguably the thomas edison of our generation

forced the car industry to get into electric vehicles, kicking and screaming, but if you look at the valuation of the company, $49 billion in revenues. and trading at about $680 billion in market cap. look at volkswagen, about $250 billion in revenues and trading at about $130 billion in market cap. tesla's 15 times ebitda sales. volkswagen, 14.5 full disclosure short the stock. shorted in print yesterday we love ev weren't of our top five picks for this year coming into the year is magna international. traded at 13 pe. not an e.d. to sales but a pe ratio. that stock's up close to 40% this year. and relationship, magna does, and waymo, and korea, ev

manufacturers. we love ev. we just want to participate in a value centric way. >> right but tesla's not a value stock. you know, you don't buy it based on fundamentals, dan it's the whole long-term story right? it's an energy company potentially an artificial intelligence company on those terms do you buy tesla or short it? looking at it only as an a.d. company? >> as all of those things. you have other plays on it to get much better value. if you want artificial intelligence or cloud, et cetera, look at google, which is our top pick in big cap tech. you know, google trades at a high 20 pe and they've still got a ton of growth in front of them. they have an autonomous driving division as well ai, they've got cloud as well. for us, it's about risk versus reward, and the analogy i make to you, you haven't gotten into this yet, but i believe later

this year the fed will start to taper. the fed tapers that's a problem for multiples in the market. the analogy i draw, go back to amazon, the last double peak in 2000 revenues of $1.6 billion in 1999 stock was at $160 a share. revenues doubled over the next two years to $3.1 billion by 2001 stock went from $106 to $6 while revenues doubled it had nothing to do with prospects into the future. just the starting point, which was the stock was highly overvalued that was it. that's the only argument we're making for tesla right now look at ford, volkswagen, up 40% to 60% this year. >> short tesla technically the reasons to short them were reason to short at 100 a year ago. right? really, what you're saying,

sounds like, you think the environment for risky stock, environment for risk the risk on trade, is going to shift with the fed taper >> well, it's all of that, really, jon. i mean, look at volkswagen one of the reasons its up 60% this year, they talked about having six battery factories this year, that they're starting to build also they talked about getting to, i think it was by 50% ev sales by 2030. if i remember correctly. and they're picking out market share in ev. i think there's different environments that are good for different stocks if you're an environment like you were last year where the fed balance sheet was up 77% last year then that's a great time to be buying, you know, non-fungible tokens, and trading cards, and whatever you want to buy that's sexy, that's got growth, that's huge 20 years in the future. it you're an environment, bank of canada is shrinking their

balance sheet starting this week first of the g7 countries to start shrinking their balance sheet or start tapering. 13 central banks raiseds rates already. russia's done it twice if you're in that kind of environment, the very different than the one that we were talking about before money supply's up 27% year over year the peak during the global financial crisis was 10% so you're backing off a lot of those measures, and as you rightly pointed out, jon, it's the environment to some degree, and this environment, high valuation stocks you need to be careful. >> you're right about back in canada we'll find out more how our own central bank feels about that notion of tapering tomorrow, and in the next couple of months dan, widening the aperture a little bit, sounds like this chip shortage, musk talked about last night in some detail, is making you also about what semis only

hardware in general? something larger than that >> no. expectations are really high, obviously. into this earnings season you'll have the best gdp growth this year since 1984. going to have the best local gdp growth at 6% since 1976. so, you know, demand's much better than anybody thought in this pandemic due to all the stimulus we just talked about, but what's happened is there's been a lot of shortages. with stocks up this much going into that, you need to be careful about a sudden reaction. last two weeks semiconductor stocks down 3% with the market up bitcoin sold off electric vehicle companies outside of tesla are down. 10% to 20% solar is down i think 3% over the last two weeks so it's just a matter of expectations are very, very high banks, jpmorgan, bank of america, goldman sachs, jpmorgan one of our top picks sold off on earnings start buying some of those back

after hedging them out going into earnings. so i think you're in sort of a very tricky environment, and with semiconductors, you know, they're shortages in most areas, specifically automotive. could be a miss, stocked up as much, going to get hit be careful with it >> right finally, dan, you know, i love to remind viewers every time you're on we had you on in march of last year the pandemic was really just days old, and you said that your base case was all disney domestic parks shut down and that's when you get interested how do you feel about reopening trade in general now whether it's been priced in and whether the problems we're seeing in latin america and india haunt you and make you think maybe this thing, this problem we faced for a year will come back to haunt us, even to a slight degree?

>> glad you brought that up, carl i mean, my view is, coronavirus is going to be like the flu. i said this before we're going to need to go in every year and get a shot. deal with the fact, unfortunately, with the common flu, about 30,000 to 40,000 people die every year. unfortunately we'll have to deal with that. for me, i love the reopening plays. that's where my fund is sitting. that's why we're having the best q1 in 17 years, but for me i'm looking at names lie viacom. names caught up in the archegos meltdown ten of those stocks down 48%, from their 52-week high. viacom, streamingplay. $3.6 billion in revenue fourth quarter up over 70%. stocks from 100 down to 40 and change we like that we own, you know, i think four adrs caught up in that sell-off in -- there's a music, it's in

shopping, it's in search with baidu, and so i think a lot of really interesting opportunities in this, because so much chaos between what's happened with the archegos stuff and we think coronavirus is here to stay, is i guess what i would say to you in reference to that. >> right dan, thanks for helping viewers understand at least some of the thesis around some of these names and the confusion is something we all understand, too. good to see you again. thanks >> thank you very much, carl. now today's crowdsource. a debate on twitter after basecamp bans societal and political discussions on its internal platform following in the foot steps in the way of coin base which made a similar move last year what's your take politics on the clock or on your own time bottom 69 screen takes you to

our "techcheck" twitter feed later on in the show show your responses. a stand against stands already good responses. coming up on the show. ceo of adobe, co-founder of lyft and chairman of espn all ahead this hour. "techcheck" is just getting started. i had saved up some money and then found the home of my dreams. but, my home of my dreams needed some work. sofi was the first lender that even offered a personal loan, and i didn't even know that was an option. the personal loan let us renovate our single family house into a multi-unit home. ♪ and i get to live in this beautiful house,

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a gut check here on spotify launching podcast subscriptions this morning and creators making more money on their platform than with apple. spotify's daniel eck joins us at 9:00 a.m. on "squawk on the street." stock in negative territory for the year but doubled in the past year d? >> meantime, carl, lyft shelling its self-driving division to toyota for $550 million. i spoke to lyft co-founder jon zimmer about that decision as well as his outlook for the business postpandemic. take a listen. >> it's kind of like kids ask, are we there yet you say 20 minutes and 20 minutes later say 20 minutes

happening a little slower, but we're still extremely confident that it's going to happen. and we're excited about the news today. it allows us to focus on the transition and working with partners that are excited to leverage the power of lyft's network. we have marketplace technology to drive massive efficiency. hybrid of human drivers and autonomous vehicles to manage peaks and valleys of demand and fleet management services that lower the cost per mile of an autonomous vehicle we have been building out quietly fleet management, tech-enabled fleet management services part of our business for multiple years the only in the industry that do it our competition doesn't do it allowing you to manage down cost per mile of moving an autonomous vehicle. >> part of your announcement you said lyft would reach adjusted ebitda profitability by third quarter. after that, do you look at

becoming profitable on a net income basis is that something that's important to you do you think it's important to investors? >> it's absolutely important to run a business that, the first milestone is adjusted ebitda basis and to hit broader profitability, and do that for the long-term value of the investments we're going to be making. >> then why make this the year to reach that measure of profitability? why not go all-in and capture shmarket share while at it while people are coming back on to the platform? pull people away from your rival and spend big? why is it important this year? why not an investment year investors are pretty understanding, i think, of the pandemic year that ride sharing has just gone through? >> we think we can do both making smart investments and building smart products. again, the unit economics of this business are great. we made a lot of hard decisions over the last year to, we believe, more right-size the

cost structure of what we do, and so we're in a very good position we believe, to both invest in the right opportunities, but also demonstrate the long-term value of what we're building. >> so will you guys spend on rider discounts, if the opportunity arises to capture more market share? >> i think majority of that game is behind us look, there are certain riders that you want to focus on, and provide the right benefits to, but a more long-term approach for market share that sticks, which we've done year over year, taken market share, is from having a better strategy having better products >> last year you guys said that you were exploring food delivery the food delivery business, but more of a logistics play without the consumer facing app. can you update us there? >> sure. same thing we are continuing to work on what's considered a b2b delivery

platform not building a consumer delivery application. not building consumer delivery technology but there's a lot of retailers, small, medium and large, that want the logistics ability we have that cross the u.s., and canada, that we can provide. so we're working with multiple partners and have more to share shortly. >> looking forward to it doordash does something similar. white label b-2 b platform do you anticipate where you'll spend money to gain a foothold in the market, or do you think there's a lot of opportunity, room for several players >> i think there's room for multiple players i also think by us focusing, its very clear to our partners that we're not trying to get between them and their consumer. that allows us to make, again, focused investments and partnerships and in the b2b case you're not going after millions and millions of customers.

you're going after 10 or 20 partners. >> do are you thinking of bitcoin as a form of payment, if at all >> we're open minded i would go to our customer always want to think about what the customer wants and long term, something that our customers both the driver and rider feel like is right for them, it's something we will look at. >> carl and jon, going back to our discussion on food delivery, you know, i read it as a direct response to some of the backlash we've seen to commission fee, complaints we've heard from restaurants and lawmakers over the last year or so. zimmer said that he wants to show their customers in the space they will not get in the way between them and their customers, and, jon , it comes among pricing for door it dash that similarly tries to get out of the way a little bit. >> you might be too late speaking of doordash big news here from the leader in food delivery.

talked to the chief operating officer, christopher payne, of doordash, about the news they're going to change the way they charge restaurants to deliver food if you want delivery as a restaurant, but you don't care about being listed in the doordash app, pay a monthly fee to -- for payments and whatnot zszero commission. pick-up only, you pay doordash 6% for the transaction and listing, but no delivery fee from there you can pay 15%, 25% or 30%, doordash says now, depending how much you want to drive doordash to your restaurant, how big you want the area to be take a listen. >> we tested this through several markets across the united states, and restaurants love the choice. one of the things surprising to me, the most common thing they picked was the premiere edition. right? that's a reflection of how valuable that program is,

because it offering the entire growth package of doordash marketing. >> that's payne saying a lot of restaurants are choosing to pay 30%, because they want the marketing traffic driven to the restaurant but they get to choose now whereas they didn't so much get a choice before. got one more that i want to play here about the flexibility that restaurants are even showing -- apparently don't have that bite. i'll talk you through it take a little longer here. payne told me that more restaurants are building out additional concepts in their kitchens and with this model they're going to be able to take and say, i got 0 new concept and want to use the 30% model with that to drive awareness of a new content, drive traffic to it and maybe my restaurant is established. for the main restaurant i'm only going to do 15%. so that's important. why it matters, doordash has about 50% market share in delivery it's got more than twice the

market cap of lyft so restaurants that complained in the past, deirdre, as you were saying. doordash is taking too big a cut, here doordash saying, all right. no more pre-fixed menu have a choice. order a la carte see the full article to fully understand check "techcheck"'s twitter feed stream map this morning and also check "techcheck"'s linked inn p page and see the full interview there. >> a great interview my only question, is it enough i they christopher payne seas it isn't in response to commission caps i can't help but feel it has to do with it right? a number of cities looking at putting something more permanent in place, carl these tiers, they're still, a little better, but seems to be an effort to sort of avoid more regulation on this front even 6% for pick-up. why not call the restaurant? a lot of these restaurants are, and have become, savvier over the last year or so and learning

how to do it themselves, perhaps without necessarily a doordash or uber or a lyft in the future. >> amazing space i'll never get over the fact food delivery received a quarter of all vc funding over the past decade more than echv. second only to ride sharing. this for ten years gone into food delivery. closing the loop on delivery and driving, initiating uber as a by price target 77, expansion into grocery and alcohol should help drive shares quickly. and adobe's chief shantanu ecrayen joins us "thcheck" continues in a minute.

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fortt, deirdre bosa and julia boorstin in a minute meantime, nasdaq underperforming along with tech and communications services. fedex and u.p.s. sitting atop the heap on the s&p. tesla a laggard out of earning last night eneder the radar, splunk, a downgraded morgan stanley go to equal rate, target 160 get a news update, turn back to rahel solomon. >> good morning, everyone. consumer confidence shot to its highest level since beginning of the pandemic reading for april, 121.7 well above forecasts. consumer expectations for the next six months also up modestly. latest prices biggest gain in seven years february average sale prices up 12% on an annual basis that was fueled by strong demand and, of course, tight supply u.p.s. shares are soaring to new record highs up about 11% right now. quarterly results blew past estimates with help from a

search in online purchases during the pandemic. and the bodega getting r-- and the biden administration getting ready to have recovery on taxes deidre, back to you. >> rahel, thanks. calling it new star wars versus muppets breaking that down want to know cathie woods under the radar stock picks. subscribe today. back in a moment ceo of adobe is right after this break.

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welcome back to "techcheck." adobe and fedex announcing a partnership this morning allowing retailers to beef up their ecommerce business and opper free two-day shipping. away to compete with larger ecosystems joining us adobe's ceo shantanu narayen. good to see you. how does this work fedex has shop runner. a free two-day shipping thing for companies in their network, and consumers who do the free

signup how does adobe get into that and expand the value profit? >> jon, first, thanks for having me so much, and as you know today is adobe's summit. as part of the adobe summit we're continuing to talk about all of the innovation that we're providing. whether you're a small or medium business, or whether the largest enterprise in the world. how you can create both a website as well as in addition to that enable commerce through our magento commerce solution. we said it was important for us to have a supply chain and enable people to ship within two days where fedex comes in their distribution is second to none the combination of adobe, expedience platform and what we can do with commerce fedex is lighting up the last mile in terms of being able tore any small and medium business to say i can now provide two-day

shipping it's their distribution network. shop runner platform to really finalize that for every small business, and be able to provide that around the world. >> a lot of people think two-day shipping thinking amazon prime, and increasingly we're seeing other options, whether it is through shopify's network or something like this providing options to other businesses for flexibility. in the context of adobe's summit and what we see with reopening, talk to me what is happening to ecommerce? your adobe digital economy index has flight bookings in march through 57% over february. march ecommerce was $78 billion. buy now, pay later and shipping speed seemed to play into this is that where you're pushing on? trying to help businesses maintain momentum as we reopen >> well, jon, we all knew that even prior to the pandemic, everybody was saying how can we have a digital presence where we

can provide personalized experiences for our customers. that is just skyrocketed there's, you know, nothing that's going to turn that clock back. so what's happening is, all of these businesses are saying, the new reality, how they have to compete in the marketplace, is not just everything to do with what they're trying to transact online but the entire experience associated with it. and when you are online and you're trying to buy something, how do they ogz yourrecognize yr patterns understand when your affinity lies we're just continuing to innovate around making sure that every small and medium business and largest enterprises in the world, who might have been a b2b business rather than consumer business can light it up with the adobe experience platform as well as our customer journey analytics software. >> talk about momentum of demand

you're seeing from customers right now? whether it's in the marketing platform, whether it's in experience, wanting to understand how they can make the process more consumers more efficient, even customer service more efficient what has this period particularly accelerated within ad adobe's product and services set? >> we said, jon, during the first phase of the pandemic, everybody clearly said how do we make sure that we can focus on employee health and safety that continues to be paramount but the moment you finish that focus, you really have to say, how are we serving customers so the secular demands of every sea level suite is to talk about digital transformation and how digital transformation it be a tailwend rather than a headwind. the long-term demand for the business continues to be high. people want to understand not

just all about the technology but increasingly also the leaders, jon, really talking to them about people and processes and how you create the appropriate dashboards and inspections? so i think we're way beyond the point where people want to know whether they can or cannot do this in terms of the technology. now they're really talking to us about, what's the playbook how do we create a culture that enables this to happen how do we engage with customers? i would say we're in the second phase of that journey, and, you know, the leaders are there. all the other companies are trying to catch up. >> shantanu, talked a lot about small business apple released update to ios 14 that has restriction on data basically, end consumers get to decide opt in to having data shared what kind of an impact does this have on adobe and its customer base a good or bad thing? >> what we are focused on, jon,

is for a company that's transacting business online. their first data, how can we make sure that we take that first data and provide insights? we've been planning for this announced great innovation about getting prepared for the cookie-less world. same as relates to data privacy. what we talk about is anybody who is transactions business with adobe, how can we capture that information for them, and allow that business to take advantage of that? so, you know, our strategy has always been the data we collect on behalf of our customers belongs to our customers it doesn't belong to adobe and whethers the data privacy, whether it's cookie-less, it's all about really saying if you're a company transacting business online, you have a really good handle on who your customers are. how do they engage with you, and how are you going to take advantage of that? we've been preparing for this

world, all of these different steps towards privacy, actually, to lead to trust with consumers. when can cis what customers care about. >> 20 years ago i met adobe co-founder chuck chesky, around the first time i first met you when i recently had gotten to silicon valley you have two founders created such a unique partnership. say they never had an argument later in their careers founded adoeb adobe and managed what few did to pass along to new leadership, and the company actually gained momentum chuck died just days ago earlier this month condolences to the adobe family there, chuck geschke i welcome your reflections on his legacy and what he's meant to adobe, to the value, and to the world?

>> thank you, for bringing that up, jon, and thank you for your very thoughtful note that you sent me when you heard the news. chuck was a legend you know the world today will not be what it is without the impact that chuck and john had on the written word, and i talk about, you know, the wisdom of civilizations was actually all in printed material, and john and chuck brought that into the modern era postscript, media, photo shop, you know, clearly legendary, and we all understand the impact to your point, it was really about the culture that they also put in place, and, you know, what chuck always said was that he wanted to be working for a company where people treated him like he wanted to be treated, and that simple statement has been our guiding light and our north star for the 13-plus

years. for me personally. you know, both the -- opportunity that they gave me in terms of being able to lead this fantastic company, and the mentorship i am eternally grateful. he will be missed, jon he will be really missed. >> indeed. shantanu narayen ceo adobe, thanks for being with us on "techcheck." >> thank you. meantime, espn announcing new content in the streaming strategy the chairman jimmy pa itaro joi julia, after this break. en a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth.

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a great guest joining julia to talk about disney's streaming strategy julia, over to you. >> thanks so much, carl. disney's espn complete add landmark deal with the nfl and brought back nhl making commitments to technology across espn platforms joining us now to discuss a chairman of espn and sports content jimmy pitaro jimmy, thanks for coming to talk to us today. >> thanks for having me. great to be here. >> so, jimmy, about a month ago espn and all the other networks struck a major deal at the nfl in which abc picks up two super bowl espn adds six games and a key

feature in which espn can now stream nfl games how important is this move to make espn plus a key part of distribution of the nfl? >> yeah. look, i'd start by saying that we are now firmly in the super bowl rotation. we have more playoff games we have more "monday night football." we have exclusive games for espn plus, as you mentioned we have highlights and surround programming. importantly, we have scheduling flexibility, and we have long-term distribution and flexibility which was incredibly important to us, but we feel really good about the partnership we have with the nfl on this renewal. >> yeah. it's interesting an 11-year deal seems impossible to imagine what the media and television landscape will look like 11 years from now, but i wonder as you put more content,

live sports and more original content on espn plus, are you concerned that could drive cord cutting and damage what's central to espn's revenue? >> look, we are -- our overarching mission, julia, is to serve the sports fan anytime, anywhere in fact, i'd argue, it's more relevant today than it's ever been so if our fans want to consume espn for traditional means, like cable or satellite, we deliver's if they want to consume digitally through our app, or through our website, we deliver there as well. the point is that we're successfully navigating the evolution in consumer choice we believe that we can be multiple things at the same time here, and really run parallel paths. so we'll continue to acquire content for our traditional tv platforms, which are still quite valuable, and at the same time we'll continue to build out espn plus as consumers continue to

gravitate towards direct to consumer, we have the optionality that we need and are well set up to serve them. >> so at what point do you think espn plus or the direct to consumer streaming could become bigger than the paid-tv business or will it ever get bigger than that >> again, i'm not prepared to say one will get bigger than the other. you know, our focus is really on serving the sports fan, and that includes both direct to consumer and traditional television and for three-plus years now, espn plus just celebrated its third anniversary, and it's going really well for us the strategy of running these parallel paths has been working for us. >> and give us a little bit of a sense of where the strategy for disney plus -- sorry, for espn plus is going to go in the future are you going to invest more in original content more in sports programming where do you see that mix playing out?

>> yeah. so, look, our priorities are direct to consumer, quality storytelling inno innovation, and so in terms of -- in terms of really the future of espn plus, know, we're doing so well in terms of our original content and, again, our quality storytelling you know, and last year during the pandemic was no exception. where we brought so many projects to life, and then if you fast-forward to today, if you look at what's actually happening on espn plus right now, we have shows like "peyton's place," "detail," "steve a.'s world" all performing really well also call out espn plus is exclusive home for all 30 for 30s. really a marquee product for us. and if you want all 30 for 30s, the only place where you can get them is espn plus. but we have some really exciting things coming up for that

platform we have the "tom brady series," "man in the arena" exploring each of his ten super bowls and also news for you are today, julia. so news for you today, julia later this year our next "30 for 30" film will premiere on espn plus it will also have a linear run, but it will premiere on espn plus, and it chronicles the story of the '86 mets. it is called "once upon a time in queens. and it will be a deep dive into the story of that iconic championship team. it will feature some of the top players, of course, like doc gooden, daryl strawberry, lenny dykstra. jimmy kimmel is actually the executive producer on this one. >> i have to ask because there's been so much conversation about the increase in sports gambling. how is that going to impact your business is that a huge opportunity for

espn going ord >> yes, look, for some time now we've recognized sports betting has become endemic to the overall sports an experience, and there's a growing demand from fans to offering seamless betting business we recognize it is a highly engaged audience as a result, our investment in the space over the fast pew years has evolved. fast forward to today and sports betting content is a strong and vibrant part of espn across platforms. the bottom line is we believe it presents new growth opportunities to expand our brand, expand our audience and increase fan engagement. >> jimmy, we hope you will come back and talk to us more about that as well as the nhl. we will have to see what happens with the nfl sunday ticket thanks for joining us. we hope you will be back very soon. >> thank you. >> jimmy pitaro, chairman of

sports and espn and disney before we head to break, cnbc's "evolve global summit." is coming up june 16th register now and you can learn more at cnbc.com/evolve. i really hope that this vaccine can get me one step closer to him. to a huge wedding. to give high fives to our patients. to hug my students. with every vaccine, cvs is working to bring you

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the latest story line in

"star wars" unfolding last night. elon musk and jeff bezos taking aim at one another bezos's "blue origin" filed a complaint against nasa, challenging the award of a $3 billion moon lander contract to musk's tesla nasa originally signalled multiple companies would participate in building the mooner landers nasa says the choice to only pick one company was due to lower-than-expected funding. blue origin telling cnbc the awarded contract is, quote, flawed and, quote, nasa moved the goalpost at the last minute. musk as he does firing back on twitter saying the reason bezos didn't get the contract was because he, quote, quantity get it up, in orbit, to market they are not known for holding back when it comes to fighting for their businesses, so it will

be interesting to see how it continues to play ut. >> we've seen corporate trash talk in so many industries, the soda wars, obviously boeing airbus, but this is literally about going to the moon. those are big spoils and we can't wait to see what happens with it. we will take a break one more look ahead when we come back to tonight's big earnings nek "techcheck" is back in a minute. (♪ ♪)

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let's get back to crowd source we asked for your thoughts on start-up base camp's decision to ban political conversation at work first, here are a few early reactions to the policy yesterday. coinbase ceo brian armstrong applauded the decision, saying it takes courage in these times. he caught heat for setting up a similar policy at work last year meanwhile, a base camp employee saying, i worked at base camp a long time. i don't agree with the changes and i am sad and up thought. now your thoughts. one viewer agreeing with the policy saying disagreements can lead to animosity.

base camp said employees can engage with politics on social media and elsewhere, just not on workplace communication platforms. carl. >> yep corporate policies, everybody has to hammer them out individually depending on the culture. buckle up for tonight as we get ready for big tech earnings. we have a lot to chew on now to "the half." carl, thanks i'm scott wapner front and center this hour, what jim cramer calls the most important 72 hours of the year critical earnings from big tech. the fed meeting and more, all over the next few days, all of it impacting your money. we debate the markets' next move with the investment committee. joining me, stephanie link, jason knife, principle of odyssey advisors, pete najarian here, too. nice to see everybody. let's go to the wall it is a wait-and-see approach as we get set to enter what we said, jim cramer said is the un