not a huge decline but trailing the overall market only 8% gain so far this year. >> another busy week of earnings 25% of the s&p reporting and that key jobs report friday. it will keep us busy that does it for "squawk on the street" today, though. "techcheck" starts right now. ♪ good monday morning, and welcome to "techcheck. i'm deirdre bosa with carl quintanilla and julia boorstin jon has the morning off. today epic faces off with apple in the courtroom how this case could change apple and the way that we use our smartphones forever. then, buffett talks bitcoin, r robinhood and the game of

investing. old versus new we explain in a moment, and cathie woods, twitter over twitter. breakdown of arts defense of the stock this hour. julia? >> well, stocks are higher as the dow flirts with a 300-point gain nasdaq lagger to the three actually turning negative moments ago with names like skyworks, tesla, dragging down the tech sector. carl >> top of our feed today, maybe all this month, will be this epic showdown in the courtroom as "fortnight" creator epic games square the off with apple whether the app store is an abuse of monopoly power. right now apple takes about a 30% cut of all in app purchases on the app store big story on wall street, the service revenue, of course app countered this removing its immensely "fortnight" from the store. tim koch wilcook will testify as

mr. sweean sweeney. >> epic ceo tim speen sweeney t the stand to explain why his video gamemaker is suing after apple kicked epic games out of the app store for trying to circumvent its feeds epic protesting the fee apple takes from its games hoping this trial could permanently change apple's model. epic argues the app store is a monopoly, the payment system, the tax passes costs on to consumersuies the fee should be closer to 12%. it grew to 315 million players as of may 2020 and epic paid an estimated $210 million of its $700 million worth of two years

of ios revenue to apple. noting apple represents just 7% of epic's revenue according to court documents. behind the battle billionaire epic founder tim sweeney who sold 40% of his company to chinese giant tennyson atennyson and arrived at the courthouse moments ago. last night tweeted, epic is a company built on the aspiration of serving a new generation of developers and customers as openly and supportively as apple did in the era in which they invented personal computers. as we go into court it is for those original digital freedoms that we will fight guys, the trial gets under way in just a couple of minutes. it's going to be so interesting to see how this plays out, carl, but tim sweeney wants to be out there as a freedom fighter right? >> yes certainly has got a lot of people championing him and rooting him on

interesting to see apple's response to both this, d, as well as the news we got out of the eu on friday regarding spotify's complaint about competition. it will be interesting to see how many fronts apple can add to this war and effectively fight >> yeah. those fronts are building, and julia, interesting that epic talks about the 12% they charged in their own store, but question, key question, what is the market looking at ios or across gaming platforms, right because other gaming consoles, microsoft, nintendo, they charge a similar commission fee to apple, around 30%. this is what apple is going to argue. that as you mentioned, too, they are relatively a small part of "fortnight" revenue. so if you're talking anti-trust, you have to look across a number of platforms, and epic can choose who they do business with. >> yeah. absolutely look, apple has a very good

point in the fact that that 30% fee is standard. exactly what google charges, and epic is also suing google for the same issue, but apple does have the consistency on its side here the fact that it has done so much to enable so many different small business developers to bring their apps to the world. so it's going to be fascinating to see how this plays out, and i'm going to just be watching every minute of it, deirdre. >> it's exciting to see them all walk into the courtroom live this morning we'll keep track of that. speaking of apple as an investment, carl mentioned they're fighting battles on a number of fronts warren buffett talking the stock over the weekend at berkshire annual meeting and at what he said on his apple strategy and tim cook's management. >> we've got a chance to buy it and i -- i -- i sold some stock last year, although our shareholders still had their percentage interest.

because we repurchased shares, but that was probably a mistake. in fact -- i would add, charlie and in his usual low-key way, let me know that, you thought it was a mistake, too, didn't you, charlie? >> yes >> yeah. [ laughter ] i can only do so many things that i can get away with with charlie and i kind of used him up between costco and apple. so -- i think -- suddenly he probably -- well, i'm -- very likely was right in both circumstances. it's an extraordinary business. but -- i do want to emphasize that, ah, in its own way, it's a different way, but tim cook is -- we see a lot of managers of a lot of businesses you're looking at two great ones on both ends here. he's handled that business so

well. >> you know, talking tim cook as an extraordinary ceo and extraordinary business, but let's see what this lawsuit does to the apple and cook reputation, and bring in kara swisher for more co-founder and kara, good morning. outside of buffett, seems everyone is taking on apple. spotify, facebook, epic. called our fight card. how long can apple continue to fight with these major partners before it become as distraction to that extraordinary business that buffett is talking about? >> as long as it takes, i guess. i don't think it's that much of a distraction. look at the results just turned in extraordinary. interesting, and i think buffett is right he's an extraordinary manager, really is bringing value of his company from $300 billion to $2 trillion obviously killing in again this quarter everybody can be right at the

same time in this case and everybody can be wrong i think apple is vulnerable. not with facebook. i just ignore that completely, in many ways they have to sort of face the music on these fees, even though may not be home market they are a dominant player and right about trust and safety of their app store. it will be interesting to see how they play it here with the, in the case, and how, what epic tries to do. i don't particularly like tim sweeney's, i am here for the little guy stuff he's there for epic games and that's what he's doing anybody that embraces, small business or tim embra developme business deal. apple will win or lose and in that case negotiate a fee probably lower over time would be my guess? >> that's what i was going to

get to what's actionable out of it? depending how the decision goes, kara i wonder if they did give a cut on the fee, how do you think the street might read that >> you know, i don't know. i think it might grow it right? it could grow it if they moved forward. they've done it a little shown a little bit of, you know, flexibility. i think i, i suspect they will probably be more flexible in the end. i think it's a growing problem especially if they have to deal in europe regulatory issues. the bigger problem is he's other businesses they have that compete with things like spotify or podcasts. things like that where they're vulnerable the way amazon is in the same way. a marketplace and then they have products that's something that's pretty, relatively clear in this case, they say we're running a store. you can go to other stores if you want see if people believe there are other stores worth going to. that's going to be the big issue here i'm not sure, i think developers are unhappy yet also depend on apple. if apple is doing its job, should be making developers

happy as well as consumers. >> kara, developers certainly depend on apple to reach all of its users. >> yes. >> the question, if you assume apple's going to make a compromise with epic, are you surprised they didn't settle before the trial started today >> not so much not so much. i think they don't -- look, tim cook sort of sticks to his guns on a lot of stuff, i would say i shouldn't be using the expression anymore he's very consistent in terms of putting out the company line on certain things but also epic's issue. right? they really want to fight this, litigate this to get the upper hand in this case. it's not -- the issue is it's not that big a part of their bit but it is an important part of their business they want to make a stand and i can't imagine what the negotiation will be. i don't think apple will go down to 12% some number in the middle, maybe a little higher, they're going to end up settling at. we'll see where it goes.

it's definitely, these issues of who has power and, over the consumer, is a really important one going forward, whether facebook, amazon, google, apple, face how they negotiate with people within their ecosystem. kind of inevitable probably fine it's a court case. the ones in europe are problematic for them that's spotify again, also competing with spotify in the podcast segment, too, spotify has been super aggressive in that area. i don't worry about them fighting on multiple fronts. it's the same issue in each of these cases. again, leaving facebook out of it, which is a very different story. >> so you're setting facebook aside, but you think the not a distraction to have all of these different balls in the air you don't think there's any risk of -- i mean, we saw great results in the most recent quarter, but you don't think risk going forward that apple get distracted the way, say, microsoft did?

>> no. no not unless there's some major court case in the united states and an antitrust case maybe. they're facing issues -- got plenty of money be for lawyers and plenty of bandwidth in their legal team and other areas no i don't think so i think they're moving ahead on a.r. moving ahead on their car. in health care so, no i don't. >> kara, with microsoft sort of that competitive intensity that changed. you continue to see that happening? apple relative to the other tech giants haven't been that inquisitive. is that a risk, too? >> bill gates is a very different person back then than tim cook is today. i think he can handle it he's not at emotional, tim cook, how he makes these decisions that was a very emotional time i'm super old and remember it. that was a very different time in tech. they sort of saw themselves as these sort of pirates taking over things. he's making a calculated

business stdecision here and i don't think tim cook does anything without thinking super hard what they're doing. not doing a lot of -- saying here for small businesses, epic, we're here for developers. you don't hear a lot of that out of them. know what i mean tim cook doesn't bite when the those things happen and smart to do so. i think they have a problem with their marketplace, though. i do competing in the music space with spotify there is much more significant. in my estimate in this case, a negotiation and doing it incourt we'll see where it goes. >> yeah. we're going to see how that second front develops over time. finally, kara, these verizon assets going to apollo viewers, i'm sure must know you built your career on your aol coverage back in the day. >> yes what i call this -- what did i call this at the time? a disaster waiting to happen i mean, literally like watching, covering it, kept saying, i can't even tell you how many

times i got calls from a verizon, yahoo! and aol executives how mean i was thinking this was the stupidest thing ever i don't like i told you so but a ridiculous acquisition at the time overpriced it's fine. selling for exactly what it should sell for and it's ending the way it should have verizon has other things to do this is a total distraction and an area they have no expertise in as much as i like tim armstrong i really think him putting this together was a mistake many years ago and i still think it is a mistake now. >> thank you, kara you always give it to us strai straight. >> it is what it is. wouldn't you say, carl >> that's why we love you. anyway -- whatever we'll talk to you soon kara, thank you. >> all right bitcoin and the growth of the robinhood trade both came up as berkshire's meeting overed

weekend, and both buffett and munger make critical comments. here's charlie munger. >> well -- that is really, waving the red flag at the bull. i -- god awful if something like that would draw an estimate from civilized men and decent citizens it's -- it's deeply wrong. >> the old guard versus the new. kay rooney, you could, many have, argued those comments missed the mark in terms of the technology innovation. crypto, blockchain, ability to democratize, decentralize finance that we talk a lot about here comments on the retailer robinhood investors at large drawing very strong responses. >> that's right, deirdre certainly what robinhood is arguing today. certainly berkshire hathaway's

ceo warren buffett said erdogan is promoting casino-like in shares here what he had to say at the annual meeting on saturday. >> how they handle source of income, they say they don't charge the customer anything i mean, the -- this will be interesting to watch how they describe it, but they -- they -- have attracted, maybe set out to attract, but they have att attracted, i think i read where 12% or 13% of -- of their -- casino participants can dealing with puts and calls. i looked up on apple the number of seven-day calls and 14-day calls outstanding. i'm sure a lot of that was coming through robinhood they're gambling on the price of

apple the next seven days. there's nothing -- nothing illegal about it, nothing immoral. but -- i don't think bubbles around society, people doing it. >> robinhood honing in on that with a fiery response this morning. argues that "there is an old guard that doesn't want average americans to have a seat at the wall street table. so they will result to insults." the future is diverse, and engaging technologies that have the power to equalize. adversaries of this future and change are usually those that have enjoyed plentiful privileges in the part and don't want these privileges disrupted. their criticisms, they say are unfortunate but prove why robinhood's mission is in fact critical the new generation of investors, they say, aren't a casino group. they're tearing down old

barriers taking control of their financial futures and finally say robinhood is on the right side of history. guys, a big part of that cr criticism you heard warren buffett, getting paid for customer trades, sending that order flow to high frequency traders. robinhood over the weekend right before buffett and munger essentially made those comments, robinhood put our think s.e.c. disclosures payment for order flow showed about $330 million in the first quarter almost tripled in the year earlier. big numbers there showing that whatever this is, casino or not, it is proving to be pretty profitable for robinhood back to you. >> yeah. what a showdown. >> profitable for robinhood, but -- yeah. quite a showdown i'm wondering, kate, if it really seems like this division here and this battle is over what's happening right now, or about munger and buffett's perception of sort of what happened with gamestop or the

way that bitcoin used to be used primarily for illegal transactions and now you can use it to buy a tesla. do you think it's about, and this is being put forward by the robinhood folks, that maybe buffett and munger just aren't up on the latest of what they're doing, what they're offering and the dock kra taization they're offering their clients >> robinhood made a couple changes since the gamestop thing. took out confetti, for example a big part of the gamification criticism. their argument they are me immemeeting investors where they are and where they want to be. mogul investors, how they interact with everything whether investing or buying a house. that would be really the new guard argument, obviously munger and warren buffett around multiple cycles. the big fear for a lot of people a lot of folks drawn into investing right now because it is so easy might be too easy

they might end up being the ones sort of holding the bag here. >> we will find out when cycles change, kate great setup, by the way. brings us to our crowdsource today. what do you think of the comments out of buffett and munger regarding robinhood, and bitcoin too. tweet us @cnbccrowdsource. let us know what you think we'll show off the best comments, julia, later in the hour. still ahead this hour, more from warren buffett. cathie wood defends twitter, and a foldable iphone. "techcheck" it just getting started. ok, at at&t everyone gets our best deals on all smartphones. let me break it down.

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stocks higher today. dow within a stone's throw of an all-time high off a blokeout week of mega cap tech last week. saw faang as well guidance differences in stock prices. look at alphabet and netflix 40% divergence in their performance year to date what is the setup now in terms of valuation bring in dom chu for a look at

that story tom lee i think said you could safely call april a bit of a face ripper? >> it was in so many ways on the trading dynamic. what's it done over the past couple of weeks, carl, made attractive valuations at least relative to where they were a week or two ago. show you first of all forward price of technology and communications services sectors. this is kind of over the longer term, but i want to focus in on just right here in the last couple of weeks or so. seen a pullback in valuations. a lot because, yes, a modest pullback in some of those stock prices from record highs, but also because we've seen earnings expectations start to rise a little bit for the coming year remember, forward price to earnings looks at arnings, again, for the next forward-looking year analysts estimates are a piece of the pie there now, you've seen them come a point better for both of these sectors. look at the three companies that really, really matter in terms of what drives these earnings

reports and whatnot. first of all, microsoft, second biggest company in the s&p 500 is now, again, trading at 33 times, at least i can say it, 33 times next year's anticipated earnings about a week or so ago. now come back to around 31 times. you see a pullback there in the stock. valuations also attractive apple, by the way. show you that one as well. biggest contributor to the s&p 500 and nasdaq it's now at about a 26 times forward valuation. it was about a week ago around 29 times again, the valuation's becoming a little more attractive on a relative basis and end on one more steep than others in terms of pullback. alphabet parent company of google, currently trading at 27 times next year's anticipated earnings a week or so ago closer to 3 times. pullback in some of those shares, modestly but the earnings expectations for next

year climbing so valuations at least a little more attractive in terms of at least next year. >> dom, so interesting when you look at these names versus some of the legacy or what we've called sort of the great chip names, ibms, cisco, seen more this year. look at expectations for a year out, perhaps they have valuation advantage, but start to look five years, out ten years, though, are these really sort of names to hold for the long term? testing to see that sort of divergence what is at play mere >> interesting, deirdre, you bring that up. a focus over the near term last 6 to 12 months on that value trade. right? within technology and communications services. so big tech and media companies. if you look at the names like cisco, or intel, or ibm or others they've seen a bit of investor tailwind over the last six months because of the general hybridization of the

market valuations attractive. be honest. sometimes mega cap technology stocks run far in a good amount of time. short amount of time if you look at that the way that it comes down to it, carl, deirdre, julia, everybody. just the notion here is that for many big cap technology companies, it will be about whether or not they become some of those buy and hold investments people kind of put in their and forget about, because they are this gen generations ibm or cisco that dynamic is something to watch in the coming months. >> dom, i have to ask how the st stay-at-home and reopening trade plays into that? look at netflix. that stock's only up by about 22% over the past 12 months. then look at a company like snap, its stock up 250% over the past 12 months how do you see these assumptions about what spending is going to look like as we emerge from the

pandemic really impacting what valuations seem reasonable >> at this point, the fundamentals, look at it this way, julia, the fundamentals are going to matter with regard to just how much you're going to pay for growth right? when it comes to companies like snapchat or twitter or facebook or some of these other larger kind of social media companies, what it really comes down to is whether or not they can show those metrics that say, hey, we can justify paying that kind of a valuation, because these companies are growing just so much faster than everybody else. it carl, one thing to remember, of course, in this netflix is still growing, albeit much more modestly than the last year with regard to subscribers. whether or not those types of companies can continue to grow those types of aspects to julia the point when work from home and stay-at-he'lome is not as b of the picture to see whether or not people engage the same way or sign up in the same way as they did about a year ago a lot of folks out there saying, hey, things get back to normal

i'll try to spend more time outside and maybe not in front of the screen as much. >> yeah. something we're going to watch obviously on this hour, dom, all summer long. thanks, dominic chu. still to come, a new spac from apple's former head of re retail check inry o with ron johnson n "techcheck" is back in three "techcheck" is back in three minutes. or an important event for their family. for them, it's the first and only time. we have seen this literally thousands of times, in thousands of iterations. ♪ ♪ i am vince lumia, head of field management at morgan stanley. whether that's retirement, paying for their children's college education, or their son or daughter getting married, our financial advisors need to make sure

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welcome back to "techcheck" on cnbc. our new show the biggest players, opportunities and stories in tech i'm deirdre bosa with carl quintanilla and julia boorstin stocks jumping to start the month. dow traded above its all-time record close today tech outperforming apple in particular up almost 2% coming off gains, a little off 0.7 now.

and verizon off its best levels of the day after confirming it will sell yahoo! to private equity firm apollo for $5 billion. a news update now. supply shortages slowing down u.s. manufacturing. the ism manufacturing index for april fell to, still strong, 60.7 well below estimates at the same time, ism's measures paid to highest level in nearly 13 years. march construction spending coming in short of forecasts growing 0 po.2%. meredith corp. selling its local business the deal includes 17 stations in cities like atlanta and phoenix. meredith said the sale will

help focus more on magazine brands and digital media including "people" and "home and garden. and opposing greenhouse gas commonly used in refrigerators and air conditions epa proposing a cut in hydrochloral carbons in the next 15 years you're up to date. carl, back to you. >> all right, rahel, thank you. meantime, retail start-up enjoying technologies going public via spac today. a billion dollar deal today. comes as dealing slow down with half as many deals in april versus march a look at the cnbc spac inbe dex. you can see how deal flow has flowed this year and goin r joining us, alongside chicago cubs chair, acquisition co-chair tom ricketts taking the

economy public, nasdaq, emg ymplt. good to see you both, gentlemen. welcome. >> great to see you, carl. good morning. >> ron, congrats it's been a while. you've been at this now for i think it's seven years for viewers who perhaps haven't paid enough attention i wonder if you can restate the concept of commerce at home and what kind of market is addressable in that space. >> yeah. it's really simple moving from the store to the home for 30 years, shopping. led by amazon. recently with all of the speed to the door. everyone's racing to the door. we believe we want to take the entirn e entire experience through the door airbnb turned a spare room into a hotel. peloton turned your home into an exercise studio. we're bringing the whole shopping experience through the door and do it through the world's big companies that

depend on deep engagement. apple depend on this rolling out a platform and shorten the upgrade pscycle. and 5g and broadband in the home you have to go through the door to unlock those opportunities. >> hmm tom, i can't even imagine the number of proposals crossing your desk these days what did you see that you liked here >> with any spac sponsor the first thing you look for is a public-ready company with a really exciting business model and a great management team. we were introduced to ron and to enjoy, and initially were like, wow, this is great it's unique, disruptive, scalable very tech enabled, has huge global applications. but then as we dug even deeper we liked it even more. primarily because the customers love it. net promoter score in high 80s i know a little bit about customer businesses.

that's incredible. partners love them it an incredible management team as i mentioned a huge head start in a logistically complicated business, and a positive unit economics in a path to real profitability soon. >> tom, so curious you got a great head start in a year when everyone was stuck at home, but as people can return to brick and mortar commerce, as we see malls really feature experiential shopping, how do you think that the model is going to have to evolve as people want to get out and about more >> that's really a good question for ron, i think. >> yeah. we think as a fundamental change, commerce at home is on an inexorable march up people have to choose. do i want a to the door experience, which we'll do most of the time because of the line of convenience in the future now a through the door experience. just like we like to go to a great store for an experience, we'll want to have an experience at home.

so we see the future being very bright for enjoy, and it's interesting. it's a global reach. we serve 80% of the uk today as we speak with our partners with british telecom. we're in nearly 40% of canada and just getting started. >> tom, a question for you on the stock model. recent criticism, we heard from buffett and munger over the weekend. more largely, focused on major sources of dilution for new shareholders things like the promote. how much of the proceed does yours make up and how did you think about it in the process? >> it's important in light of all everything, you know, all the noise in the spac market to kind of keep all ofthis in perspective. ultimately this is just one financing option for companies that need to grow. companies looking for growth, capital. they have a couple different options. it is not, you know, necessarily the best option for all companies. really depends on the facts and

circumstances of the company itself in the case of enjoy, like i said a public-ready company with a great business model and global aspirations. really was a great fit. >> did you do anything differently? how much was your promote and did you include typical price of about 1150 >> largely standard terms. not exactly sure a few tweaks largely standard, yes. >> now, ron, i know that you're here to talk about enjoy and the spac, but i have to ask you since you worked at apple for so long, about this apapple/epic lawsuit just under way this morning. how do you view this case? >> i don't know much about it. i'm so impressed with apple. never innovated at the pace though are interesting to me, though, i looked this morning and saw that spotify, which that a lawsuit in

europe, has a $50 billion market cap. epic is nearing $30 billion. i wonder how these companies will do without iphones in the app store? so it's really hard to determine pricing. i've been in retail my whole life, and when you get a large customer price you're going to pay for that we do that to rent in a mall through margins. all of these things. it's a very complicated issue and interesting to see how it plays out. >> hmm finally, tom, you know, it's interesting. enjoy seems to solve a bit of a puzzle for retailers who want to expand their footprint, but don't want to go through the steps of actually committing to physical floor space, and we know what retail has been through on that front in the past decade. i wonder what your thoughts are regarding commercial real estate and whether rents have come down enough to make that a bit more of a tantalizing possibility, at

least for some retailers >> well, tell you, that's a little out of my strike zone i'm not a real estate guy. i mean, obviously, there's going to be big shifts, big trends as people wonder whether or not they're actually going back to the office, and they'll probably be some repricing of some sort, but, carl, i'm the wrong person to ask about that. >> no. i understand i would have asked you a baseball question but i wanted to cover something a little closer to the topic at hand. ron, can i throw that at you really quick whether or not the physical store has any marginal leg here giving what rents have done? >> rents have come down and probably will come down a little what's interesting is the footprint shrinks. at some point hit equilibrium and rents will go back up again. a lot of great, exciting new tenants going into malls a lot more restaurants people like peloton are going into the malls so malls will survive. streets will survive but it's a really tough time, as tom said, until this work from home gets

settled. the nature of retail will be very different i think lots to change in the period in the short run i think rents will be pressured. >> right an answer we are not getting definitively anytime soon. gentlemen, great to have you back love seeing you both hope you'll come back again soon, and congrats. >> thanks, carl. >> thank you. friday is double digit drop-off, not enough for cathie wood to falter on twitter. "techcheck" is back after this quick break.

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twitter shares down 20% over the last week, but despite its disappointing outlook, cathie woods investment in standing by with a decision to purchase more than a million shares of the stock. note to investors over the weekend, explaining the recent product announcements around the live audio features like twitter spaces could lead to "future growth surprise to the up side " ." tesla and others made her a

serious force on wall street especially among the wall street bets crowd, but those pot or diamond hands cool ed temporarily. up just a half percent year date and slightly negative for the year julia, we've talked a lot about the clubhouse monthly installs how we've seen them kind of fall off a cliff. how much does that have to do with twitter coming into the space and sort of eliminating that lidle man because it already has a big middleman built in >> look, we don't know how much of clubhouse's decline in activity is about the fact the economy is opening up as well. but i think you're right that twitter spaces has the advantage of already being linked in to the way that so many people get their news and communicate i think for cathie wood would, important to note twitter, even though hadcaution for later this year it did not change its longer-term guide. carl, it's important to keep that in mind as you look at the fact that twitter does still

expect to be on that growth trajectory doubling revenue by 2023. >> yeah. stock, of course, though, had a nice start to the year at one point the worst performer on the s&p year to date, back in january. turned things around i will point out at 53 you're really almost at the 200 day, hasn't gone back to, hasn't been below the 200-day, julia, since july of last year. a turn in sentiment. >> yeah. turn in sentiment. amazing to look at how many different phases twitter has been through remember all the concern that president trump leaving the platform could have a real impact on engagement the company invested a lot in health and safety and now you see it moving in a new direction, carl, in trying to make it an audio platform assess well as a platform of people sending text messages to each other. >> yeah. cuts target from 80 down to 65 keep our eye on twitter,

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apple is rumored to be working on a foldable iphone going on to say that foldable smartphones will be a must-have for all the major brands apple will ship anywhere in 15 to 20 million foldable iphones in 2023. the latest quarter, over with an install base of over 1 billion samsung is the latest leader in the foldable technology. they have a price tag that will set you back well over $1500 we have reached out to apple for comment on this record, but we have not heard back yet. the san francisco partners in a $4 bill chron deal.

more on that online. next for departure, elon musk's other other start-up we are back in just a moment.ht - [announcer] if you've tried college but never finished, snhu let's you transfer up to 90 credits toward your bachelor's degree. - [woman] it doesn't matter how old you are, you can do it.

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so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. elon musk's brain implant start-up is losing its cofounder. he did not reveal the circumstances around his exit.

musk, who is one of the company's seven coup forrers haas have invested tens of millions of his own money into the venture, and last week he boasted that it could allow super-human cognition and allow paralyzed people to operate phones and more with their minds. carl, they have received some strongly worded pushback from the scientific community. >> indeed, guys. one more thing as we get closer to the top of the hour, musk is set to host snl this weekend not all the cast members appear that thrilled. musk tweeted throwing out some skit ideas, one of these is irony man, and baby shark and shark tank merging to create baby shark tank. close to 50,000 people commented on the tweet, including chris

redd, who set he may want to start by calling them sketches, instead of skits i think this will get a number. >> i cannot wait to watch. it's going to be fascinatesing, especially to see how all the cast members interact with musk. agree or disagree with the oracle the best comments on today's crowdsource is next.b■=■hcheck"o minutes. cal: our confident forever plan is possible with a cfp® professional.

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for our crowd source today, we asked what you made of munger's and buffett's comments. anthony pompliano said buffett should have bought one user saying he agrees with buffett, finding it hard to value bitcoin as an asset, another arguing berkshire needs to bring in younger management who may be more open to bitcoin and the cryptomarket in general. >> i'll tell you what, munger

and buffett, they took no prisoners on robinhood, on bitcoin, on spacs, remarkable news thanks to becky for getting those headlines over the weekend. in the morning we will start with earnings once again let's get to the half. carl, thanks so much welcome to "halftime report. front and center this hour, your money in may and whether stocks are about to take a new leg higher we invest that with our investment committee joining me for the hour today, tiffany mcgee is the ceo and c.i.o. at pivotal advisoers. let's take a look at the wall most of the critical earnings are about over, most above expectations i wonder what is the next catalyst earnings