this number. i kind of doubt it. >> yeah. as well. that pain has been real, though. it's been funny. talking to a number of hedge fund managers who loaded up on the growth stocks, they've been suffering, but perhaps not today. that will do it for us on "squawk on the street. "techcheck" starts now ♪ good friday morning. welcome to "techcheck. i'm carl quintanilla with jon fortt and deirdre bosa big hour setting up. amazon's going to break some news as we speak in a direct challenge to apple amazon's head of services and devices is coming up next. later on, dropbox's ceo drew houston in an earnings exclusive. at the bottom of the hour we expect to hear from the president about today's jobs number

>> carl, tech stocks are higher as the 10-year sinks dow, s&p, nasdaq was on pace for the worst week since february until that jobs report came out. now it is leading the way. the divergence between big tech and speculative tech, that's been a little bit blurred as the sector gets a boost following the weak april number, jon. >> let's start with the amazon news building out amazon sidewalk, designed to connect devices anonymously in and out of the home and allowing people to share with others. this reminds you of apple's air tags announcement recently it's a similar concept title is going to join the sidewalk platform in june. us using bluetooth locate lost items. then there's level a brand of smart locks for homes. it's going to use sidewalk to directly connect with ring's doorbell service

amazon owns ring finally, sidewalk adding eco devices to the network head of devices and services will join us on these announcements in just a moment carl >> we can't wait for that, jon turn back to earnings quickly. a bunch of numbers, roku, dropbox, square out with strong results. roku broke an eight-day losing streak up double digits today. surprise profit, revenue beat, upbeat outlook the chief catalysts there. dropbox out with a beat of its own. recurring revenue exceeding expectations we'll talk to drew houston in a moment square doubling the consensus estimate thanks to surging demand for bitcoin and the use of its peer-to-peer patient cashout. stocks in the green in what's been a strange and eventful week for tech >> it has, indeed, carl. some of those mid cap names are in the green today, but we did want to highlight what an ugly few weeks it has been for

momentum and growth. cathie woods arc innovation fund is breaking an eight-day losing streak, but it is 30% off its 52-week high large cap tech stocks and speculative tech found in arc going in opposite directions the market cap of faamg is now equivalent to the third largest gdp in the world and we showed you this earlier this week, we updated it for today you'll see that coinbase has joined the top ten of arkk's holdings overall still lower over the last quarter more on that this hour this afternoon when cathie woods joins closing bell at 3:00 p.m. >> faamg it's like f.a.a.n.g. with your mouthfull. let's turn back to huge numbers from amazon, part of f.a.a.n.g. and faamg. joining us to discuss, dave, amazon senior vice president for

devices and services this is internet of things, it's smart home, it's all of that together and it's really a new type of network. what's the vision for it what's it going to allow and how long is it going to take to build out? >> good to see you, jon. sidewalk is all about the next billion things that are going to get on the network wi-fi is constrained and mostly to your home it doesn't have the range to go into your backyard an into the neighborhood and cellular may be the future, but it's expensive sidewalk splits the difference and allows us to put bhmillions and billions of things on the network that allows us to update software so that you can ensure they will have the latest software, be secure, up to date without having to take your phone one at a time around to a billion things which is unscalable. >> this isn't about streaming hd video over sidewalk, right it's about a, perhaps, persistent but lower bandwidth

connection shared between devices? maybe my neighbor's device is set apart and using part of that bandwidth anonymously, but it's secure >> it's very long range up to a half mile in some cases, but very low bandwidth so customers that opt into the network, they have the opportunity to share a small amount of their home bandwidth, basically the back haul of the network. it allows us to put things low cost on the edge of the network to get software updates, to be able to give telemetry about what's going on around them. to start we've been experimenting with this for years with ring's path flighting. it's hard to get wi-fi out to the extent of your yard and you don't want to run wires. you can synchronize your lights. another one little old school but a sensor you can put in your mailbox and tells you when your mailbox is open. it's great for me, i know when the mail comes and makes your

neighborhood safer because of identity theft if someone is going to take your mail it gives you an opportunity as well. >> apple is trying to do a version with ims devices a bunch of devices that have the same operating system, similar software they announced air times which works with that. why is this better than that >> yeah. i don't know everything that apple is planning, but as i've seen them announce is a network that's focused on finding things and that's not really the long-term goal of what sidewalk is it can do that it's more than that. it has a network that has bandwidth associated with it, long distance, has good coverage and allows people to invent whole new types of devices that will sit on this network that are much lower cost than customers have had and allow it to be secure and data updates. when you think about the world, our world five years, ten years in the future, there are going to be billions of connected

things and we need to make sure that they are safe and secure. good morning it's deirdre what you've been talking about ease in coverage, accessibility, that's good but it usually costs the user in terms of data, potentially privacy in ways we can't really see at the beginning. the privacy landscape as you know is changing to give users more control and when you introduced sidewalk, amazon said it would be enabled by default why do it that way and not give customers to opt in or out from the very beginning >> well, there's sort of two levels of opt in we turn the new york on for all customers and allow them to opt out. that is correct. we have a separate on the in, a customer has to choose actively for location i would separate those two to share locations. i would share those two things separately but on top of that, i think most important thing about this is to get great coverage what one of the things we're

talking about here today is that in the top 25 metro areas, and dave noticed customers, we lit up and have coverage in those first 25 areas it's great to see and we think the benefit for customers will show a lot on based on these new devices we announced today, like pile and caravan >> okay. talk a little bit about some of the privacy controls i know amazon did a white paper on this and you guys are invested in protecting user privacy but we have seen missteps and sort of breaches over the years, so how are you guys tackling this when it comes to sidewalk and making things more accessible and coverage >> yeah. we thought about that, that's why we spent the last two years designing the network and put that white paper out publicly so we could get peer reviews on is this actually as secure as we think it is. we didn't want to take our own word for it and we wanted to make sure the pundits and experts would be the same. a couple things in there, first

and foremost, we have no idea, it's a very open network, any developer can on board on to it and amazon has no idea what the payload that is going across the network. secondly, when devices register to the network, they are anonymized from the customer that is associated with that device then finally we've made it such that we actually purge all the devices that are on the network in our databases every 24 hours. even the anonymized device itself, we can't go back in time and see any of that as amazon. there's many more features built in but that's three of the large ones we think are protecting customers and developers that want to use the network. >> dave, catch us up on what has happened with devices and services during the pandemic i'm especially curious about key by amazon, which is the type of service that perhaps gets more powerful through sidewalk. how have the adoption trends

been how has some of the devices and services that you oversee connected to the e-commerce experience of amazon >> yeah. it's, you know, obviously nobody wants to benefit from a pandemic, but our homes, i think we mentioned this last time, have been redefined in this situation. they're now our movie theaters and restaurant and in my case school for three children. it's just changed what the home looks like and kind of across the board of all the devices because we've been pretty focused on the home for the last six years, have seen amazing trends. we mentioned tv in the intro today. fire tv has been growing by leaps and bounds it's well over 50 million customers and i think, you know, the cutting the cord trend has been accelerated by two to three years. streaming is up that much. alexa, the usage of alexa is up 50% year over year as people use it for homework help as they think about how they want to shop now, now over 50% of alexa

customers are using alexa to help them shop in some way because of the announcement, ring is also just up dramatically it's now well over 10 million subscribers which is a great milestone but it continues to grow as people are looking for peace of mind within the pandemic the number of anecdotes is really large across the surface area of the products we've been working on >> something like key to our homes, maybe they don't need that remote monitoring of delivery has that affected adoption >> no. actually i think people are finding the convenience of not necessarily having somebody come to the front door, especially garage delivery is growing really fast. we just launched a week or two ago the ability to do grocery delivery directly into your garage so without you having to have anything left on your doorstep, if you're off maybe on a call

like this, or helping your kids with homework or out we can leave the groceries in your car. key has been growing by leaps and bounds as well. >> now sidewalk, adding partners, new frontier for the internet of things and the smart home, dave link, senior vice president, devices and services at amazon, thank you >> thanks so much. and just a reminder we got more on digital online on this story so check that out on "techcheck's" page. >> in the meantime elon musk's "snl" debut is tomorrow night. let us know what you think are you excited, anxious send us the best memes @@cnbctechcheck. >> our meme producers are killing it today dropbox ceo drew houston is up next. we're getting started here on "techcheck."

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let's get a gut check on etsy hits a six-month low yesterday, although rebounding today 4% after warning of slowing growth.

stifel has seen enough, they go to buy, calls it a good time to get in after thursday's sell-off nasdaq up about 1.4. the best day in a couple weeks but the worst week for the nasdaq in about two months >> yep key contacts shares of dropbox up this morning, up just under 2%. the company reporting quarterly earnings beating the street's expectations with us now in a cnbc exclusive is drew houston. good morning thanks for joining us first time on "techcheck." >> good morning. great to be here. >> solid quarter you guys raised guidance, paying users continue to grow but paying users a fraction, less than 3% of your 700 million registered users and that's been a consistent ratio over the years. is that one that investors should expect to continue or can you sort of convert more of those free users to paid ones?

>> well, the fact that we have such a large base of free users is a big opportunity and we're doing a lot of things to continue to offer more to our customers, including we've made a lot of progress in the quarter, profitable quarter, making -- we're building positive momentum across the business, and the shifted work has opened up opportunity for us we're seeing it's been great -- we've seen the rise in the freelance economy, spikes in media content, more businesses shifting to cloud. a lot of positive momentum >> i want to talk about that, the rise of the freelance economy because over the years you guys have moved deeper into the enterprise space but really started as a consumer product and still have some of those great qualities. can you capitalize on that or are you to take advantage of the

freelancer and creator economy that we're talking about more and more here on cnbc? do they pay, i guess that's a good question too. >> yeah. well, it playsto our strengths and our consumer roots have been a big advantage, we can acquire customers profitably and we've seen a lot of -- we've seen a lot of increased usage it's been great for esignature requests up over 75% since the start of the pandemic and for the creator economy we've seen a 30% increase in our skew these are folks sharing video, new work flows there, starting their own businesses we're really positioned because we can reach having hundreds of millions of registered users means we can reach them cheaply and applying the consumer playbook to business software. >> right >> drew for larger customers

it -- >> some of the biggest platforms -- go ahead. carl i will take it i was going to say that perhaps as you secreters find different ways to monetize that could trickle through to what you guys see as well. you did mention that move to remote work and dropbox has been a company that embraced it early and sort of fully but it does stand into stark contrast to what we've heard from other ceos like jpmorgan's djamie dimon is fed up with remote work and thinks commuting to offices will make a comeback. what do you think he's getting wrong here >> i think different companies will choose different models, right? we're excited for things to open up and rolling out a model we're calling virtual first and leaning into this because i agree with jpmorgan's ceo. i think there's a lot of room for improvement in the experienced remote work but it has benefits

when you talk to employees, they don't want to go back to the way things were before that said, we've all been in lockdown and i think we all understand there's no substitute for the in-person experience and we're looking to bring that back we've been thinking ahead about our model. we call it virtual first basically the goal of virtual first is to get the best of the in-person and remote experience and work -- we're rethinking the office focused and solo work happens at home, and then we're re purposing the office or reimagining it to be this collaborative meaning space. you get the best of both worlds. we're excited to get this rolled out broadly and looking forward to things opening up more. >> drew, i was going to say it's that reimagination about the workplace that a lot of people are paying attention to what it

does for corporate capex and the bandwidth it creates for other types of things involving i.t. i just wonder how you're thinking about that as a potential tailwind for the company? >> sure. we're seeing it today. signature requests are up 75%. fortunately dropbox is the kind of product people were using before lockdown, during lockdown, continue to need it after lockdown and as i think we're all experiencing a lot of room for improvement in the experienced remote worker. in addition to our growing product portfolio we have a lot of new ideas in terms of how we can improve and address a lot of new pain points we have working from home. make it easier to organize your content. growing our portfolio products like hello sign and doc send >> yeah. drew, you guys, dropbox has been

part of the cloud group investors have responded to over the years but it hasn't been a momentum play. your gains have been in line with the s&p this year and i wonder how can you create more shareholder value? you talk about the hello sign. any plans to show that growth if it is profitable >> absolutely. i mean that's certainly our goal we see a bright future for ourselves and our business is doing well we have a lot of opportunity and a growing product portfolio and unfortunately we have been seeing a lot of positive momentum in the stock. i don't think we fully realized it we're also buying our stock, so it's a buying opportunity, but we think that if we take care of our customers the stock price will take care of itself >> that's a good point

you did buy back more stock. last question, you've been on the facebook board for over a year now, and i wonder your view, why did the company have to appoint a separate board, the oversight board, to oversee content issues how involved is the actual board? >> i can't get into a lot of specifics because on the board, but they wanted an independent group that could help arbitrate some of these decisions and they've spoken a lot about that. >> >> we will leave it there. hope to talk to you soon drew houston, ceo of dropbox. >> are we seeing the arc comeback cathie woods arc funds and small and spec ta live funds got flooded this week. is this a hiccup or start of a turnaround "techcheck" breaks down spec tech next. don't miss cathie wood this afternoon 3:00 p.m. eastern on the "closing bell.

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welcome back to "techcheck." i'm carl quintanilla with jon fortt and deirdre bosa jobs report was a miss but stocks are rallying. s&p record high, dow record high, the nasdaq and tech are outperforming up more than 1%. f.a.a.n.g. is higher a reversal of the trend we've seen the last few weeks. names like peloton, match, and zoom and others and financials and others are the laggards. a news update and turn to rahel solomon. hi. >> good morning. here's what's happening at this hour as you mentioned there, jobs growth slowed sharply in april and employers added 266,000 new positions, about a quarter of what was expected. of it the biggest miss since 19998. the employment rate rose. >> bond and gold prices jumped

on the news but trimmed their gains. stocks are rising with the s&p and the dow industrials setting all-time highs the dow up for its fifth day in a row. the white house says that a course correction is not needed following the weak employment report marty walsh dismissing the idea that stimulus checks are keeping people out of the labor force and says millions of americans are still out of work. >> under normal circumstances we're not living in normal circumstances, the 266,000 job gain a month is a good number. we're still in the midst of a pandemic and if you look at the last three months the united states economy has added 500,000 per month as compared to the previous three months where it was 60,000, so we're going in the right direction. >> and president biden is expected to add his comments on the jobs report in a few moments. we're also hearing from critical republican leaders as well it's likely to be the talk of

the town today i'll send it back to you >> it definitely is heating up well said. thank you, rahel solomon it's been an interesting couple weeks for cathie woods ark innovation fund, monitoring the outflows, down quite a bit, third of its value from the 52-week high dominic chu has been watching that. >> that high was a record high and obviously the ark tech innovation etf has been a huge focus for many momentum traders out there looking for the extra outperformance over the overall market it's hard to find any kind of benchmark or comparison for that fund, but we will look at the nasdaq composite and the nasdaq 200 and some of the stocks that track there. if you look at the arc innovation etf over the last 12 months, even with the pullback, which tracks the nasdaq 100, up a respectable 52% during that same time span let's focus on

the year to date period over here where the chart looks different. the white line is the arc innovation etf and you can see it's been outperforming for the better part of the first part of the year and now that white line has drifted below the orange line, the ark innovation etf versus the qqq trust which tracks the nasdaq 100. that under performance is capturing a lot of attention and we're in a battle ground because that archik technology is sitti around the 200 day price take a look at some of the stocks that are kind of in focus when we talk about these two particular benchmarks or etfs. apple, amazon and microsoft, you know them because they're the three biggest in the s&p 500 and the nasdaq as well, so the nasdaq 100 being driven in part by that in large part by that, over the last year you can see there's big out performance. however, it's here where things have kind of leveled out a little bit that's the outperformance because take a look at these three stocks which are the three most heavily weighted stocks

within with the ark tech innovation etf that's tesla, roku and teledoc teledoc is down over the last one-year period. you can see a precipitous drop in the green line versus tesla and roku as we look at some of the driving factors behind this outperformance in the nasdaq, it's simply because these mega cap technology names have not fallen as far as some of these high growth, high momentum names over the last year during the pandemic a dynamic to watch, guys >> you know, dom, it's interesting goldman has an index of what they call a nonprofitble tech and the line for that index is a very tight correlation with ark and i guess some people wonder, you know, what -- why with are we paying for beta, on the other hand she did see trends long before others that made money. >> it's funny you're bringing that up. we didn't have a chance to talk earlier this morning about this. i had a top performing small cap

manager literally text message me this morning talking about correlations between the ark tech innovation etf and some of the underlying holdings. joe kernen brought it up on "squawk box" there would be ripple effects between this etf and the stocks that underlie it. those correlations or statistical trackings to what's happening overall have been interesting with regard to how ark innovation has performed because it is now become a proxy or in some ways a way to express a view just on straight momentum technology stocks. goldman has a basket for just about everything these days but to look at that dynamic and when you talk about statistical correlations that's going to be something to watch if you look at names like peloton, roku, square, others, some of them are held by the innovation etf and some aren't still, though, they are starting to trade more closely. it may signal perhaps that there is more algorithmic or kind of systemic trading involved in some of these names, something to keep an eye on, guys.

>> dom, you know, we have been calling it this bifurcation between spec or momentum tech and some of the more value names but you could maybe argue there's a trifurcation, but you dedogecoin and either, some of the speculative parts of the market go up while speculative equities take a breather where does crypto fit in i don't know you can answer that question. >> i don't think anybody can answer that question what you can do is take a view on that question, right. you can -- i don't want to say gamble because it's not that i'm sure traders are making decisions calculated decisions about risk and reward in this kind of environment. to your point where does crypto fit into this? it depends when you have a situation where now even 50% gains over the course of a period are not good enough for you because you're seeing other people out there making 1u00, 200, 300% -- true

believers will go all in on some of these crypto currencies but you can see traders take bets, position sized appropriately to capture some of the out performance especially when you look at ethereum that's better than the ark, which has becomes the momentum based proxy for trading in equities right now it may be about a new paradigm perhaps in the way that traders approach this and remember it used to be that speculative traders have specialties, now you're finding traders who maybe traded in growth and momentum equities looking at other places in the market because they think there are opportunities there and that's certainly going to be something that maybe leads to tears down the line, i don't know for nows the momentum is to the upside >> 10,000 maniacs said these are

days you'll remember. >> for sure. >> more than 10,000 maniacs and crypto these days. thanks. we mentioned square a moment ago. but take another look at this stock. that 266% jump in revenue, thanks in part to 3.5 billion in bitcoin revenue alone with shares up now about 6.5% speaking of transactionstwitte introducing a tip job feature. i know what you're thinking. some kinks in the system when it comes to paypal. tips on tipping next

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no need to throw up your venmo or cash app handle after going viral on twitter the social media site adding a tip jar feature by lets users send cash to their favorite creators from an icon in a user's profile payment options include band camp, cash out, venmo, and more. twitter is solely used third-party payment processors and won't be taking a cut. the service is only available to

english language users who fall in the category of journalists, creator, expert or nonprofit, but plans are in the works to expand who has access. carl and jon, this is when it gets interesting in my view to have the same person, jack dorsey, the ceo of square and twitter. clearly he's been a pioneer in the payment space but letting his competition participate in this it makes me curious to see what the end goal of this is and will it end up benefitting both companies? >> it seems like they could have taken a little bit of a cut. it's not like twitter's swimming in revenue, carl but there's a hiccup that i saw on twitter, someone saying hey, if you use paypal as an option, it exposes the address of the person accepting the tip for some journalists, i don't know, that might be a little bit of an issue. >> yeah. i got invited yesterday. it's not something i would use we work pro bono here.

>> pro bono on twitter. >> on twitter. >> not for this. >> tip jar itself. >> i can imagine there are accounts that i rely on that i would be happy to tip and i do wonder if it might draw a little engagement from people who maybe haven't on boarded yet who figure maybe i could make a marginal amount of income. >> yeah. you know, there's that i'm sure they would be happy a lot of these folks on twitter to tip and then to visit >> yeah. you know, last word on this, i think it's interesting what we've seen just more broadly on twitter over the last few months more experimentation, more innovation you have the tip jar and you've got spaces, you've got no crop pictures, so dorsey and his team have been hard at work, jon. >> yes yes, indeed. now moving on, yesterday after an earnings report i spoke to open tech ceo mark barrenechea

and one of the things we talked about beyond the results, and they did see growth, is the patterns of trade and how trade manufacturing in particular moving more outside of china, particularly if the items that are being made are to serve a market other than china itself take a listen. >> if you're servicing the market in greater china your supply chain needs to be in china. if you're servicing asia pacific, your supply chain doesn't need to be in china. the pandemic has also shown that, you know, when we're in the great recession after the great recession supply chains changed to just in time. lots of visibility through the layers what we're seeing today is regionalization of supply chains we're not going to be dependent on a country for a component >> the one area, carl, industry

that did not rebound as strongly yet for them is automotive we talked about the chip supply issues there we talked about it, mark and i, after earnings you can check out that stream on the "techcheck" account on twitter. it is still there. lots of insight from open text which is a digital connective tissue in so many of the supply chains, carl >> all right jon, good tough. in the meantime draftkings ceo will join us on a "techcheck" exclusive. stock has gotten down to 49 today, close to the lows of the year the three stocks to buy ahead of apple's iphone launch. that content find on cnbc pro. "techcheck" is back in a minute. at t-mobile, we're on our way to hiring 10,000 veterans and military spouses by 2023. and our commitment doesn't stop there. we always offer 50% off family lines on our military and veteran plans. that's right, 50% off on america's most reliable 5g network.

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tissue in so many of the supply apple's iphone launch.

as we mentioned before the break, shares of draftkings down about 4% here after a smaller than expected loss and a revenue beat they do raise their full-year sales guide after benefitting from some recent acquisitions. joining us is draftkings ceo jason robins welcome back it's great to have you >> thank you yeah, thanks for having me on. >> we mentioned smaller than expected loss, revenue beat, they're raising guidance we all know sports is coming back can i ask, why you think we're seeing the price action we're seeing this morning? >> you know, i've lost any sort

of, you know, faith that i can predict any short-term fluctuations in the stock market or stocks. we continue to focus on what we think is the right thing to do over the long term strategically, focus on consistently meeting or beating expectations and i think if we do those things then shareholders will reward us over the long term. it's important to focus on what you can control. we don't pay attention to what moves the stock up or down in the short term >> monthly unique up114. obviously the mobile sports book dfs and the season at large, as this economy reopens, i guess can you put into perspective the tailwinds that you're expecting for the rest of the year relative to where we thought we were going to be about six months ago >> well, you saw some of that in q1 we had an incredible quarter, really just, you know, hit on all cylinders and so happy with

all the metrics and results we delivered. we did a ton on the strategic relationship side. a lot of products we released. we have some upcoming social features which with i think are going to be game changing. a lots of exciting things in q1 and lots of exciting things coming as far as the rest of the year goes, i think that as you see people, you know, hopefully return to more of whatever normal looks like, you know, we haven't seen any adverse impacts so far as more vaccinated people get out and about. obviously we think we had some benefit from, you know, more of stay at home and thing like that so far we haven't seen any loss in momentum. we're being appropriately cautious about what that could look like, but everything we're seeing in the data suggests that strong momentum is continuing and we feel like we are well lined up to have a great last few quarters of the year >> hi, jason it's deirdre here. i have a broad question for you. legalization of gambling is producing billions of dollars in tax revenue that was previously

unrecognized how can that in your view be best reinvested into the industry what can it ultimately accomplish for the end user? >> well first of all i think we're still very early on. i think a lot of what we hope to do will be, you know, in terms of generating tax revenue will be over many, many years and, you know, i think really at this stage we're in the growth phase of the industry. new states are opening up, multiple every year. we launched two last quarter, michigan and have virginia and started to take global registration which opened up the market on our previous earnings call more registrations on five days i want to say in january than the previous 12 months in iowa lots of exciting things happening. our longest tenured state new jersey had strong growth year over year. everything seems to be really in a huge momentum phase right now in terms of the growth and i think we're going to have a lot

of great years ahead of us it's about investing and making sure we get a healthy industry and one that has lots of satisfied customers that are big fans of our products >> finally, jason, we were just mentioning cathie woods ark fund and she will be on air later on today. i wondered, how ceos of companies that she trades think about her and her sort of presence as a kingmaker these days how much of that of your bandwidth does that take up, if any? >> i'm a great admirer of kathie's i follow her on a personal level and many of the things she likes i look at and often invest in. i think she's an incredibly smart person and done extraordinarily well and, you know, very, very fortunate that she believes in us i think that says a lot. we're very grateful for her

support. >> jason, congrats on the quarter. it's interesting days and we were looking forward to a great summer of sports and see you next time, thanks. >> thanks for having me. so what we've learned during the first week of the apple versus epic trial. that's up next first, we did mention roku look an eye on the stock loup likes the momentum, takes it to a buy-off. shares up more than 12% this morning. a lot more "techcheck" straight ahead. don't go anywhere. what happens when we welcome change? we can make emergency medicine possible at 40,000 feet. instead of burning our past for power, we can harness the energy of the tiny electron. we can create new ways to connect. rethinking how we communicate to be more inclusive than ever. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change.

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we where almost through the first week of the apple/epic trial, with plenty of interesting tidbits revealed in the first four days, like tim cook and tim sweeney haven't always been on a first-name basis. right, josh lip ton? >> so, john, the week started with opening arguments both sides clearly ready for battle here. epic saying that apple's 30% commission causes higher prices to consume, and that the app store isn't as secure as apple says apple firing right back though, saying the app store is secure and that epic is only bringing this case because fortnite, its bread and butter, isn't the powerhouse it used to be but tim sweeney, billionaire ceo of epic games, took the stand. people point out for the occasion he ditched his tee

shirt and cargo shorts for an actual suit. that's how important this is he even made some news, saying fortnite now has 400 million players, and that's up from 350 million last may fun fact by the way, as you mentioned, jon, judging by newly released e-mails, there was a time when tim cook wasn't even totally sure who tim tweenie ww sweeney was. the most interesting revelations came out of documents that surfaced from both sides, including e-mails from apple showing that way back in 2011 there was tension between apple and facebook with jobs referring to facebook as feces books saying it shouldn't be permitted to host its own apps we got a sneak peek at one point over the jockeying that can go on between big tech companies as apple tried to convince netflix

to stick to in-app purchases back to you all. >> this remind me that tim cook is such the buttoned down, by-the-book ceo. steve jobs, you know, if he had been around during this twitter and social media era, yeah, he might have said -- that might have been a typo, but, man, went after adobe. remember that? he might have been a twitter terror under a different era. >> yeah. listen, a lot of this week, jon, it is a lot of fun, it is personalities, it is players you get the chance to peek behind the curtain, but let's not forget the meat of the case. it is an antitrust case. i caught up with paul swanson, and antitrust lawyer with holland and hart as paul mentioned, listen, in order for epic to win bottom line past all of the headlines, they have to convince this judge apple has a monopoly on its app store and it is abusing that market power by forcing epic to use apple's payment system that will be no small fete

because, as paul reminds us, antitrust cases have been very, very tough for plaintiffs to win. back to you all. >> well said, josh thanks josh lipton. as you all know, tomorrow night elon musk is going to host "saturday night live". we will get your final thoughts ahead of that debut next plus, it has been a tough week to be in the meme trade gamestop, blackberry, amc, microvision, all down big for the week we will watch that "techcheck" back in two.

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hi, i'm elon musk and i'm hosting "snl" this week with musical guest miley cyrus. i'm a wild card so there's no telling what i might do. >> same here rules, no thing. >> your mom's going to be here. >> fine, forget what i said. >> fine. we'll be good-ish. >> somehow i wonder if that's the case tomorrow is the day if you have been counting down, elon musk hosting "saturday night live." there could be an impact for investors, too look at dogecoin, higher again today. on an absolute tear in the lead-up to musk's "snl" debut. actor david speed tweeting out that he is buying the crypto

asset before the show. elon musk responding with a crying laughing emoji. musk tweeting, guys, to invest with caution, a tone we don't often hear from him, carl. he doesn't hold back often. >> everybody enjoy the show. have a good mother's day enjoy the weekend. we will see you monday let's get to "the half." >> carl, thanks. welcome to "the halftime report." i'm scott wapner we debate with the investment committee this hour. joining me today on this friday, shannon shannon shicosha, steve weiss, pete najarian. great some ee everybody. take you to the wall rates falling and now we will hear from the president, i'm told let's go to president biden. >> i want to put today's jobs report in perspee.