executives to boost the stock price, guys. >> thank you. lesley picker. with the markets moving in some different degrees with the nasdaq down 1.6% and broader market up that will do it for us on "squawk on the street." time to send it over now to "techcheck." happy monday welcome to "techcheck. i'm jon fortt with carl quintanilla and deirdre bosa ahead this hour, the dow hetits record high. nasdaq back on display more on that plus, elon musk and the dogecoin dropped. kara swisher can weigh in on the "snl" debut. and the largest pipeline in the u.s. shut down by a ransom ware

attack a ceo with us on a major cyber threat coming up d? >> diving in on stocks, the nasdaq down more than a percent and a half again this morning. tech, the worst sector by far in the s&p. facebook down 3% apple down a percent sent and a half. >> and off the record close, 4%, from earlier in the year software hit most today. group's down about 10% since the february peak. names like zoom and docusign continuing to fall double digits in the last month. twitter and ring central down more than 20% in that same period chips under pressure as well micron, intel, qualcomm, lam, near bottom of the ndx today jon, some argue that extended weakness in some names in software that provide the best buying opportunity >> yeah. and got to mention crypto.

check in on that dosh coin is volatile. falling over the cliff over the weekend during elon musk's "snl" appearance falling another 15 this morning. it is still higher for the week, however. meantime, ether going the other way. surging past the 4,000 mark hitten an all-time high in the process and bitcoin. uptick, closing in on having doubled for the year we'll continue to watch that, deirdre? >> let's bring in to talk tech software and ones to avoid good morning good to have you on. >> good morning. thanks for having me, deirdre. >> so we talk a lot about momentum stocks and their runout, they've come down a lot. looking this morning pal pal pal palantir, snowflake off 50%

of highs starting to get attractive at these levels >> i think so. again, i'm always a bull long term given the dynamic speed growth, potential long-term as well as the margins. we have to just remember that there's a couple of things happening. we had a significant run-up in these stocks especially over the time during the pandemic where a lot of players, realized how important on the consumer and enterprise side now i just think we're seeing a lot of investors looking at some of the stocks that we feel will come back along with the economy as we move towards further vaccinations with the economy opening up. >> right so then how are you looking at sort of momentum-packed versus value tech downgrades this morning, oracle for one. tech names that have seen revival this year. ho are you feeling about that bifurcation, if you could call it that? >> yeah. that is a little bit of a

bifurcation in the market. the thing we always look at, we like very simple thesis when we look to make our investments plight now we kneel mark andreeson nailed it in this thesis, actually a decade ago. software eating the world. software has now eaten the world weekend athe digital transformation, especially the accelerationover the past few months with the pandemic, companies are now becoming software development companies they're under tremendous pressure to be able to deliver experiences that are primarily driven through software code now. so the types of services that they need are those that have been alloweds, the scarcest commodity, the software developers, to be able to operate more efficiently so we like a lot of the players that are delivering solutions through the cloud, because, you know, that's where all of this activity is happening. the ability to be able to increase creativity we think is really important companies like amazon, microsoft, their delivering

these solutions in an integrated way. no one is a one-stop shop. still there are a lot of opportunities both on the private side as well as the public side to have pure plays, but we like the long-term attractiveness of the cloud providers being able to offer more tools to make software developers more efficient. >> i wonder if you think the environment for a lot of these momentum stocks, a lot of these software names, and i'm thinking c3ai, deidre mentioned companies that came public in the last few years, a lot down by a third or more does that affect the ipo window and how, you know, start-ups are going to come to market, or not? what are you hearing >> the three players most important are the banks, the entrepreneurs themselves and the venture capitalists. i think they're all watching this very closely, because we had the window close for so long now that it's open, we're in an

interesting situation, because not only do we have the companies that have the fundamentals to do the traditional ipo, even a direct listing, but also we have this new asset class with a lot of the spacs as well. so a lot of companies right now are looking for the ability to get through that window, because we know that it won't be open for a long time. at some point it will close and then people will go back to work and wait for it to reopen again. >> i wonder what goes through your mind when you do see a chart of zoom or docusign right now? of course, we've talked about this dynamic, which we knew would come when we started going back to the office in earnest, how would these tools were used to help companies reimagine the workday and the workweek at this point are they cheap enough for you >> i think so. look, we had a significant run-up, because everyone saw, once the genie was out of the bottle, with acceptance of remote work and a distributed

workforce, "the" most important tools, those which allowed collaboration. strong earnings given those names, we've soon massive valuations i think we're just in a resettling period. there are good buying opportunities. i would like to see in terms of those names specifically, i think it is going to be important to understand how return to work is going to play out. i think we'll continue to see a reduced amount of travel there will be employees at certain companies that will be able to maintain some semblance of a remote office for some period of time during the workweek, but i think a lot of people just want to see exactly how it's going to play out. >> yeah. and it's hard. they don't ring a bell when they say, okay. we figured it out. this is the new routine. it's going to continue to evolve and we'll have to continue to have to get smart. my other question for you was tied into the chip shortage. how acute do you think it really is on a relative basis

the automakers, at least, although not the most important player, they do seem to be backing up this idea that it's really a q 2 peak in terms of te crunch how does that make you feel against the back half? >> we're seeing we're moving towards everything being driven by software and the ability to think about all of these it different devices that have connectivity they need a chip to be able to have that software code embedded on it to operate so the demand is actually a good sign long term i think this is why we're seeing a lot of companies rethink the ability to actually vertically integrate to be able to address some of these issues on their own. >> what are you doing with the sharing economy names? do you group them in technology? we had some disappointing numbers, but also some encouraging numbers from uber and lyft last week, and we've got airbnb and doordash up this

week how are you treating these names? >> more in terms of the business model itself again, going back to this thesis software is eating the world every company is going to become a software development company we've seen it with wall street with all the trading activity driven by technology and the ph.d. doing algorithms, seen it in silicon valley. what is really important understanding the fundamental business model long-term we'll see the division it won't necessarily be a tech company, because every company's going to be a tech company it will have to be more based on the actual business model itself, and that's what we look for when we look at the sharing economy. sharing for decades seen from ebay as well as the gig economy nature more how we think about them and try to look at those particula metrics to evaluate. >> lo toney, thank you. >> thank you for having me. a story in tech today.

a major cyber attack over the weekend putting the country's largest pipe line out of commission that's stretching into its third straight day off-line. affecting energy prices. eamon javers, paraphrase job, we greatly feared this coming upon us hackers hit major u.s. infrastructure shutting it down? >> absolutely. yeah, jon. look at this this story got really weird this morning. not only hitting major infrastructure, also posting a statement on the dark web expressesing remorse for that. a group at han here calmled dark side relatively new tracked by researchers posted a comment on their website, dark side leaks saying we are apolitical and do not participate in geopolitics do not need to tie us with defined government our goal ask creating money. and promise reforms's from today we introduced moderation and

check each company that it our partners want to endravoid socil consequences in the future locking up a gas pipeline on the east coast of the united states and causing enormous economic damage on the other hand saying, sorry about that we're going to change our ways and have reforms here to our process. not clear what that means for colonial pipeline, if they have to pay the ransom or not something very unusual is going on here. so who is dark side? well, they starting english-speaking countries and avoid targets in former soviet bloc nations that's important maybe as a clue who they are they have a weird sort of social conscience, though, for a criminals. code of conduct, operate in a highly professional way. have a help desk to facilitate negotiations claim to donate a portion of their stolen funds to charities. which is interesting some charities turned down the money. also threatens nasdaq listed

companies with obtaining their data and linking that on the internet to potentially enable insider trading based on who gets access to those leaks so there's a lot of bad stuff going on here, but a reard social consciousness element layered on top of it, and now this expression of remorse, jon, just this morning for the attack that we saw over the weekend a very strange set of circumstances. >> eamon from a cybersecurity perspective, seems their remorse doesn't matter at the very least, what they've done is approve of concept they were able to get in and shut this down and state actors now, i'm sure there are a lot of people who want to know how they did it there will be multiple attempts like this that don't show remorse and perhaps are timed to hit at moments where the nation can least afford to have something like this happen right? >> yeah. you know, and i think we have a sound bite here. i literally within the past couple of minutes was speaking with a digital anthropologist, who studies this stuff she said what this was is exactly what you said.

approve of concept saying, we can do this, and we want you to know that we can do this, and she said the important thing here is not to panic take a listen. >> we are not dealing anymore just with the isolated individuals, or groups, which are trying to do something in the sense of cyber activities, more some kind of criminal activity or whatever we are now talking about serious state operations so, like any other kind of activity or something along those lines. so we are just seeing now that transfer into cyber space. >> jon, you're right this was a cyber attack but also delivering a message, and clearly over at the white house that message was received today. >> well, speaking of that, eamon, you're probably already aware the white house briefing at 12:30 is going to include some cybersecurity officials with jen psaki.

>> right. >> what does the response sound like, and especially given this idea that many believe it's russia state that is at least agreeing to look the other way on some of these players >> yeah. at least looking the other way, if not embracing and encouraging these guys so the question is, what's the white house going to do about that you know, we were talking about this internally this morning if this was a heist that took place on the high seas and was u.s. ships intercepted, and oil supply and gas supply was, it was interrupted that could be seen as an act of war. now, with the plausible deniability within the whole cybersecurity realm, that gets a little grayer and muddier in terms of attribution and that gives the entity behind this attack the ability to say, hey, look, it wasn't us so that's what makes it tricky in terms of response from the white house. you can't necessarily go out and respond with a drone attack, or a targeted military response

that doesn't seem like it's going to work here so what is the administration going to do? there has to be a, certainly a defensive component to what they talk about today, and then the big question in cyber has always been, if there's an offensive component here do nation states in the west start striking back? they've encouraged private entities in the west not to strike back. but, you know, at some point the question will be, what is the government going to be doing to protect american companies and american infrastructure? >> right eamon when it comes to some defensive measures i read this morning that the administration's plans to require federal agencies to take a zero trust approach, that was somewhat surprising to me, that they weren't already there remember the state conference a few years ago in san francisco this has been talked about as the standard how is it seen in the cybersecurity community in terms of where the administration's defenses are right now and how far they need to go here

>> well, i think a lot of people would look at that and say, you know, better late than never, but a lot of these procedures are things people have been talking about for years, and have not been put in place by the federal government so the problem with the federal government is that it's enormous and slow, and changing the direction of all of those services and infra -- all the infrastructure within the federal government is enormously complicated and difficult and take as huge amount of time. attackers have advantage, a lot more nimble and can pick and choose their targets the government has to defend everything an enormous and tricky task. >> yeah. dancing between raindrops is obviously a difficult proposition when they only have to get you once, eamon thank you. eamon javers talking about that a lot more during the course of the day. cloud player ceo will join us to weigh in on that later this hour. kara swisher will break down elon muskmusk's performance ovee weekend on "saturday night

live." "techcheck" is just getting started. so it's another day. >> announcer: "techcheck" is sponsored by -- day your store has its biggest sale. the day you have a make or break presentation. and the day your team operates from across the country. but there's also the day you never see coming- the day when nothing goes right. see- that's the thing. you never know what the day might bring. so whether you do business on wall street or main street

you have to be ready. with the power of the network that can deliver gig speeds to the most businesses. the freedom to control that network from anywhere. and advanced cybersecurity to help protect every device on it. all backed by a dedicated team 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. we know how much you count on us...

...and that's why we're here 24/7... ...and on the road maintaining a fast and reliable network. we're always working to ensure the internet meets your needs... ...by making access easier for all... ...with comcast lift zones and our internet essentials program. we're invested in making our apps easy... ...to give you personalized assistance around the clock. and we're committed to keeping our team and customers safe by working from home... ...and using precautions in store. see what we're up to at xfinity.com/commitment

and intel, atlantic reversing this morning upgraded stock to neutral. optimistic on appointment of the cpo and back down to underweight today cutting a price target to 45 amd's accelerating market share, chief cat alyst there. amd's in marketed share, i should say shares lower this morning. shares of intel although up double digits for the year carl >> jon, elon musk, billionaire, head a tesla now marketing machine joined "saturday night live" over the weekend started off by addressing the controversy around his own appearance. >> 21 i just want to say i re-invented electric cars and sending po ing people to mars i rocket ship.

did you think i was also going to be a chill, normal dude >> he went all-in on skits featuring electric cars, space, tunnel digging a reference to the boring company. all eyes on the show to see how musk would incorporate crypto and dosh coin, tanking that the coin was "just a hustle. and ev competitors tried to cash in ford, volkswagen, volvo and here to break it down, recode's co-founder and "new york times" columnist and cnbc contributor kara swisher k kara, i guess -- >> yep >> what was this all worth to him, to tesla, to crypto? >> i thought good for him. a win. no other way to say it i mean, a lot of people -- interesting. i got a lot of comments like why doesn't he use his money to solve cancer i was like, well, he's doing space.

you know i mean, i think it was good for him in terms of hits marketing he's already well-noern and came across as human, very charming able to make fun of himself. made fun of himself several times. able to make fun of his crazy parts of his personality i think what he said, thought i'd be a normal, chill guy that was actually perfect. he was very endearing i thought, and elon's not always endearing, as you know. i thought he dressed up. dressed up as, like, a wario, dressed up as a cowboy i thought a win from a marketing point of view and good for him to present himself that way to the general public versus, versus, you know, arnknow, the tech community i wonder, carkara, you've coverd some of the best salesmen of our lives and created and innovative

behemoths. how does this compare? gates, jobs -- >> jobs could have job would have been very funny elon's funny scott and i argued about this on pivot. gotting to be a disaster i said, no he's funny when you meet him silly funny and juvenile funny at times he showed up at a meeting with me with a very important person i brought with me and holding the entire time a stuffed monkey he just sat there with it waiting for reaction from this important person who said nothing so i said. all right. what's with the monkey, elon he's very capricious that way. i'm trying to place him in the pantheon, barnum, howard hughes, but he does a great job selling tesla, space xvrm and what her recognizes he's very important for.

space x is killing it with these contracts they're getting from the government tesla still is delivering more cars even though all that advertising for other cars i don't think most have shipped as many cashes as tesla by a far measure. also pioneered the area. so some of the things he made fun of himself, about really hs appalling comments about covid problematic, i think like he said, you're not going to get everything you like out of this guy, but people sure do like him i'll tell you that. and people don't like him, too. >> kara, don't forget -- got -- exactly. polarizing but got to bring his mom onstage, too talk about making someone likable? another big point there, but should we be asking the question, should we let him be so likable you just mentioned some of the problematic things should we whitewash some of the things he has done, downplaying the risk of covid. using his huge platform and fan base to shell dogecoin

is that the right question whether how likable? >> listen to your words. "let him"? we don't have control over elon. "saturday night live" is an entertainment shows. when i asked him i asked very hard questions at the time it wasn't dogecoin but covid. had a testy exchange about that. we had a testy exchange about a lot of thing interviewed by journalists, sure, give him the time. investigations into whatever problems they're having and write about his successes fairly i think journalists should cover him fairly including being tough on him this is an entertainment show and he was very entertaining i don't think it's "snl's" job to be anything but be entertaining i know they're comparing it to trump being on the show at the time again, i have to say i didn't have a problem with that either. >> what's interesting to me about this, and i've been trying to figure out as a cultural

moment pap time when there's a lot of scrutiny on billionaires and success and should billionaires be allowed to exist from the elizabeth warren and bernie sanders wing, and here was elon musk, that bill nionai you could get a beer with. i can't see bezos or tim cook, probably close if not already a billionaire, or some of these guys making fun of themselves to this degree, and there was a feeling i could hang out with this guy, at a time when corporations are more like political forces that's important to some of the moves, you know, that politicians are going to try to make towards elon musk's interesting. right? >> yeah. i think it was fine. he's not just -- he's not just a business figure. actually he does make great products in many ways, and some have problems. some don't like any other product he's the biggest sales person for it i don't know quite how he's very different from henry ford. back in the day they were

active, edison active around light bulbs. he puts on those cyber trucks shows. remember threw the thing against the window and it broke, or whatever the heck happened. always doing stunts like this and sort of doing the tony stark thing. right? who he kind of, we kind of link him with from "iron man" even though it's a funcictional figu. when you're in the public eye you suffer the arrows of that, too, when it goes south certainly. i think his cove ed stuff was terrible and i told him so and we talked about it at some point being well-known is nob is is not a problem selling cars. he's got to distinguish himself to keep tesla going. with the other stuff, the spacex

stuff, you kind of want to have an exciting personality behind going to mars. incite and inspire people. you can like him or dislike him but i think this was a huge success for him. no matter how you slice it one issue when he said to the pl moon about dogecoin, whether speculative and pushing it i think nothing will stick to him in that regard, but it's a little sketchy to do that kind of stuff i think real get to right out of it i don't think it's a problem for him. >> yeah. not the first time. >> did you laugh what i want to know. i want to know, did you laugh? was it funny were you, like, this was pretty funny? >> oh, yeah. absolutely yeah absolutely when you says it was entertaining, that's exactly on the money. >> yeah. so you laughed and he wasn't awkward, and it worked i don't know what else to say about it whether people like him or not, make your choices. >> that's true, and we mentioned

earlier, one of the highest rated episodes of the season so far. i think behind chappelle and chris rock. >> well, he's not as good as chappelle by any stretch of the imagination! but he, he could be -- not bad. >> see ya later. >> all right thanks. and as carl and kara, by the way, i cringed mostly cringed but doesn't mean i didn't like it it was still okay. meanwhile, the nasdaq is trying to break a three-week skid to the down side. should your he had been in the cloud for buying opportunities we will explain next. meantime, watch jd.com one biggest on the nasdaq this morning lower by 4%. the chinese commerce company having a rough 2021, down more than 25% over the last three months "techcheck" is back in just three minutes. fraud protection. one of the many things you can expect when you're with amex.

make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. pure protein bars and shakes. for every fitness routine.

cal: our confident forever plan is possible with a cfp® professional. a cfp® professional can help you build a complete financial plan. visit letsmakeaplan.org to find your cfp® professional. ♪♪

welcome back to "techcheck"

on cnbc. i'm carl quintanilla along with jon fortt and deirdre bosa and dow's up, seeing gains and nasdaq and tech taking it on the chin faang's lower, nasdaq was down almost 2%. currently down about 1.5%. not just doge. tesla down over 4% after the weekend as well. and a cnbc news update with rahel solomon. >> what's happening at this hour chicago federal reserve president charles evans suggesting that april's disappointing jobs growth is probably a one-month thing linked to reopening the economy. the pairing earlier today on cnbc evans is looking for continued strong employment growth for the rest of the year. also on cnbc, chipotle ceo, the clayne is trouble finding workers and raising wages to average $15 an hour. also offering referral bonus wants to hire 20,000 new emp employees. and opening a federal investigation over 100 million

fords over loss of steering control. 107 complaints with two injuries the probe includes model years 2013 through 2015. and ford is recalling 611,000 exp explorer suvs for rail carriers that can come loose. owners notified next month you're up to date. deidre, back to you. >> rahel, thank you. and carl mentioned dow record high. tech shares going the other way sinking sharply putting today's action into context. dom? >> the notion out performance in the dow a theme played out so far in 2020. look at the way things shaped up so far today, it has been one of those scenarios where we've seen, yes, record highs for the dow and underperformance for nasdaq overall today's action saturdaying to exacerbate the existing trends two worst performing sectors so far today, two of the most

consequential ones technology by far and away the most heavily weighted part of the s&p 500 and of course nasdaq composite as well down nearly 1.5% in trading so far today etf that tracks it etf that tracks communications service and many other big-type names, facebooks, alphabets of the world, down 1% as well technology sector specifically one part of the market is causing a little bit of concern for traders and investors out there, the semiconductor trade the semiconductor etf down 3% so far in trading today 8 of the 15 worst performers in the s&p 500 overall just about a few moments ago were semiconductor or related stocks, that one showing weakness here and by the way remember over the course of the year we've seen pullbacks but nothing more than around 8% to 10% here. maybe 15% around here. right now currently about 9% away from highs we saw record earlier this year. among the worse performing stocks so far today. look at these names, because they're driving a lot of action

so far within that semiconductor trade. intel, downgrade over atlantic equities not helping matters much worried about market share down 2%. qualcomm down 5% and one worse performers if not the worse in s&p 500 overall, this stock and you can't mention technology and communications services trade without looking at biggest names talking apple, microsoft, talking about amazon those stocks over the course of the last year doing good heavy lifting, however a downturn in the last couple of months. certainly, jon, one of those themes to watch for sure >> all right, dom, thank you time now for a segment we are calling "drink your milkshake. a reference there. who's winning market share and who's taking business from whom? and the only mega clou

accelerating and esequential backlog growth outpacing microsoft and google where does it leave things on a revenue side, mega cloud stands at 57%. azure, 33% google at 9% carl, increasingly you have to look beyond revenue as we look beyond infrastructure cloud here, because there's profitability. there's industry penetration to consider these are notable stats, carl. >> all right no doubt that's why the margin surprise at aws was another arrow in the quiver on their quarter, jon. and weighing in, in a few moments. plus, watch paypal s shares lower this morning other opportunities, 84% on the street still has a buy on it. we're back in a moment.

i drink your -- milkshake! kkkkkkkkk! i drink it up! intensity of our operations, investing in lower-carbon technologies, and exploring renewable fuels of the future. we work hard to care for the homes we love. but it's only human... to protect the one we share.

walter, did you know geico could save you hundreds on car insurance and a whole lot more? so what are you waiting for? world's strongest man martins licis to help you break down boxes? arrrggh! what am i gonna do to you box? let me “break it down” for you... arrgggh! you're going down! down to the recycling center! >>hey, thanks martins! yeah, you're welcome. geico. switch today and see all the ways you could save.

and big story of the morning. dark side a group of rasomware attackers shutting down a major pipeline and half of the east coast fuel supply sutting down. matthew prince ceo of cloudshare and joins us now

really want nor insight here this is a scenario floating around in cybersecurity circles for a long time. the idea that major u.s. infrastructure could be at risk from a cyber attack. now it's happened. how serious is this? not just as an individual incident, but as a precedent center for what could happen in the future >> i any it's actually a real concern right now that we're seeing across the board more and more critical infrastructure targeted by these sort of attackers. what's going on anecdotally, attackers think their time may be coming to an end with around the world governments thinking of cracking down more and more on these cybersecurity incidents. so they seem to be unleashing everything so in the last six months, we've seen a dramatic uptick in attacks against our customers. i'm fortunate now to be on the floor of the new york stock exchange, one of the customers and obviously in a critical

piece of infrastructure and we are doing everything we can, working around the clock to make sure that our customers stay safe from what is an unparalleled amount of cyber activity going on in the world right now. >> matthew, isn't this part of the geopolitical playbook at this point i think back to stutzknack, a little more than ten years ago arguing for military geopolitical reasons, but still, isn't this a playbook that will be copied and does it, perhaps, put more pressure on the government to take responsibility for protecting even private industry within the country? >> i think it does, and i think that this is, unfortunately, one of those types of attacks that even small nations with not a lot of resources, like north korea, can cause enormous amounts of harm. and so it is very appealing for those types of countries what i am encouraged by is when

we have seen action between, for example, the obama administration and the china administration in previous efforts to control cyber attacks, we did see marked decreases in the amount of attacks for a period of time after that those bets are off right now it does seem like around the world more and more governments are turning to this as a way of attacking governments that might be stronger than them. whether they do it directly or patriot citizens are doing it on their behalf it is going to involve government action and companies like cloudflare to make sure what we rely on more and poor stay secure. >> matthew, encouraged by progress made by the obama administration but all bets are off now. what happened? >> i think that we have had, again, not as much focus on the cybersecurity space. again, i'm encouraged that currently the biden administration appears to be

circulating a draft on cybersecurity rules that are pushing for very sensible ways that industry can make sure that they are on top of this. if you're selling to the federal government, for example, making sure that you're using a zero trust solution, the sorts of solutions that we at cloudflare build, and other leading cybersecurity companies build. and i do think we are encouraged we can stay in front of these types of attacks and protect critical infrastructure. >> okay. talked about sort of the government side. what about corporate america how prepared is it, or not, for increasing numbers and scope of these cyber attacks? >> i think that there really is sort of a tale of two worlds in corporate america right now. the digital-first companies that adopted approaches that are like a zero trust approach, and that are in a better position there are, on the other hand, a number of companies that haven't

gone through that yet. i think the encouraging thing is that the pandemic, one of the silver linings has been, that people have understood that it continue to rely on the way they did business before and they have to upgrade their systems to be more secure the analogy i like to use. a bit like a boat. the old version of cybersecurity was you made the hwhole of the boat as strong as possible with no bulkheads there's going to be a loose rivet or potential seam. the new approach to security is doing, again, the biden administration appears to be asking and in turn ordering those companies that will be doing business with the federal government to do is actually build those bulkheads, make sure if there's a leak in one part it doesn't sink the entire boat that zero trust approach to security cloudflare is pioneering is really better an approach and something more and more sophisticated companies are turning to today >> hmm

interesting take on that, matthew. obviously we'll watch it with your help as we get more developments in the future thank you. nice to see you back at the exchange as well joining us from the new york stock exchange. >> great coming back appreciate it. yes, indeed. thanks. in the meantime, oreacle get a down grade over barkley. equal price target 80. read why on cnbc.com more "techcheck" just after the break. ♪ ♪ - [narrator] if you're thinking about going to school online, southern new hampshire university is where you belong.

we've been online for more than 25 years and have helped thousands of students reach their goals. as a nonprofit university, we believe access to high quality education should be available to everyone. that's why we offer some of the lowest tuition rates in the nation, and haven't raised tuition in nearly a decade. so no matter where you want to go, snhu can help you get there. visit snhu.edu today.

everyone wakes up every morning to a world that must keep turning. the world can't stop, so neither can we. because the things we make, help make the world go round. they make it cleaner, healthier, and more connected. it's what we build that keeps things moving forward. so with every turn, we'll keep building a world that works.

time now for a reality check. can android save clushouse invite-only platform launching on the google operating system more than a year after debut on apple in february. over 9.5 million insulations thanks to buzz hype, elon musk, robinhood and the ceo made appearances however, downloads of the app has since fallen plummeting to $900,000 in april according to spencer power. estimates now, it comes as economies reopen people are getting out they're socializing again. there's also more competition, twitter, facebook, spotify launching their own copycat audio platform jon, perhaps something to watch there, but i always think about snap and android how that rollout was a little bit shaky and some are written off snap, but once they had android going, wow numbers took off again. >> doing great

clubhouse doesn't need "saving" exactly. a million downloads in a month you're doing just fine. cathie woods ideas only on . meantime it's the call of the morning. that's next. "techcheck" is back in two

in business, it's never just another day. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it. comcast business powering possibilities.

if you're just joining us, you've got to get up to speed. they down grade facebook and google to a neutral, ahead of what they say will be a slowdown in ad growth they say the sell side has extrapolated is the strength, and that those forward revenue estimates may be too high. they are not recommending any large-cap add-centric names now, except for roku, on the note that the tv market is still nascent. because of growth outside of ads, check this out, according to flurry, only 45% of iphone users are opting into the tracking domestically. well le see how much of that has

on add-driven modeling in the future that's not very many who say i want to be tracked >> and they may not like targeted advertising let's turn back to the speculative tech trade doge. kate rooney has been manning the waste bets there have been some strong reaction to say that performance. that's right, deirdre, a lot of disappointments out there. cryptoinvestors this piled in, betting that musk talking about it would boost the price it crashed, though on saturday night. it's liking like a pretty good example of buy the rumor, sell the news succeed the weekend update, musk kim on to explain what dogecoin is he calls it a hustle and says it's going to a moon during that kept, the price started to crash, doge counsel

by about 30% on saturday night, did recover slightly on sunday and ticking up higher today. reddit forums have been key to dogecoin this one is labeled unpopular pin -- elon wasn't that bad on snl. a lot of frenzy causing issues at robinhood it's been leaning into dogecoin lately they sigh in the middle of the episode was due to volume at this time, but the outage has been resolved. this week on reddit, traders are talking about palin coantir, and almost 60% down from the highs back in february

others commiserating today about some losses in the tech-heavy portfolios they have, talking about the on wall street bets, the stay-home stocks have been getting slammed for weeks, clown cathie's ark, down about 5%. we break down jeff bezos and his love of milk next? ch "techcheck" will be right back to a huge wedding. to give high fives to our patients. to hug my students. with every vaccine, cvs is working to bring you one step closer to a better tomorrow. ♪ it feels so good to be cared for. ♪ wi♪ back up now, ♪, cvs is working to bring you ♪ just a little more. ♪ ♪ the feeling someone's always there, ♪

♪ just to show how much they care. ♪ ♪ the feeling you're not alone, ♪ ♪ now she's a part of your home. ♪ ♪ with so much to protect each day, ♪ ♪ caring goes a long, long way. ♪ ♪ nationwide is on your side. ♪♪

s cal: our confident forever plan is possible with a cfp® professional. a cfp® professional can help you build a complete financial plan. visit letsmakeaplan.org to find your cfp® professional. ♪♪

s. it was unearthed that jeff bezos's amazon profile, he weighs in on everything from books to binoculars, to milk, says he's a longtime fan, drinking it since he was born. amazon confirmed it was his account. carl, you know, i'm know marketer, if i were the dairy council, you would be reviving that commercial, milk, it does a

body good. right? they could do a before and after. i mean, come on. >> unfortunately his advertising endorsement fee is too high for any one industry to carry, guys. a busy week ahead today. let's get to the half. carl, thanks so much welcome come to "halftime report." nasdaq down three straight weeks, the dow setting another record high. how long will the tech sector stay out of favor? we debate that with our invest committee today. jenny harrington is joining us for the hours. steve weiss, jon najarian and joe terranova are also here. dow hits another new record, crosses 35,000 for the very first time ever. nasdaq, though, falling sharply yet again.