now. that's worth noting as we come to the endof the month in just a couple of days here. also the s&p and dow higher on the month as well. that's really going to do for us here on "squawk on the street. "techcheck" is going to start right now. ♪ happy tuesday. welcome to "techcheck. i'm jon fortt with carl quintanilla and deirdre bosa and j julia boorstin the world is not enough. and 100 days into pat gelsinger's ceo. what challenges loom this hour finally, a new distributor 50. breaking down list and inclusive

with number three discord next carl about 90 minutes into trade. dow trying four straight days of gains. nas and s&p make it three of four nasdaq lower for the month and m moderna leader and leading the charge today, de >> start with disruption, carl this has been the year for disruption massive both of apps, crypto, fin fintech, the major story of cnbc's fast growing start-up wes revealed just this morning julia has a look at the industry at the intersection of financial services and tech, and julia, a major presence on the list this year >> that's absolutely right, de fintech has more companies on the list than any other category this year 11th tech companies on the distractor 50.

robinhood in the number one spot reporting 13 million users a year ago hasn't officially updated the number since then. reportedly robinhood has more than 20 million users. robinhood is joined by other fintechs chime, newbanks, in latin america, and offering microloans else where are around the world. ripple for global payments been b space, stripe offers payment, processing for online businesses checkout.com and marketa and flutter way.com, and as the double down on fintech with $46 in venture capital pouring into fintech companies just so far in 2021 worldwide up from $43 billion in all of lastand $40 billion in all in 2019.

those following recent adoption. bloomberg capital found far majority of consumers covid lockdown accelerating their adoption of fintech solutions and half responded saying the pandemic decreased their use of cash significantly and more than three quarters of customers say the days of going into a physical financial institution are coming to an end of course, accelerated by covid-19 lockdowns also seems like the bar is raised for innovation at the incumbents only 20% of consumers think traditional financial institutions are evolving fast enough to keep up with consumer needs. you can find more about the list including my article on robinhood, why it's in that number one spot on cnbc.com. >> julia, i want to put this fintech presence on the disrupter 50 in perspective. if i remember this correctly, wework was on the list three years in a row, 2017, '18, '19

hasn't been on it since then some of this has to be with momentum and interest and not necessarily just the fundamentals of what these company, going to do in the future right? >> well, look. i think that we work at a company that certainly seemed to like it was disrupting the way people worked. i think it certainly merited its role on the list in the past, and then there have been plenty of companies that have fallen off the list eve an couple companies that have gone out of business because of some of the decisions they've made and what's happened with their role in the industry. so, look, i think robinhood, we're expecting it to see its public s1 soon, and i look forward to seeing those numbers, certainly, but this is a company that is really impacted the way not just consumers trade, also the way that banks, financial institutions, think about retail investors. that is the true indication of disruption you have goldman sachs investing in markets you have fidelity offering new

opportunities to do, you know, free investing and trading for younger consumers. so this is a company whose success with retail investors has really caused the rest of the industry to pause and take note. >> and julia, we've seen a lot of consolidation in this industry over the years. the big banks have take an role. interesting last year with visa's bid for plaid that ultimately did not go through. i wonder what are prospects are for this industry now you see them becoming larger and larger and more difficult in acquisition targets. stripe, right, top of the list and nearly a $100 billion company and haven't heard much from them in terms of ipo plans. >> yeah. look that is i believe highest valuation of any of the companies on the list, but i think what's interesting, when we talk fintech, it's an incredibly broad category pup have the companies that arb2b

companies and helping with online commerce. flutterwave, perfect example newcomer to the list marketa, another one look at the universe of this broadly. robinhood obviously is a perfect example of a b to c company but also this other category of companies that are targeting this the small business consumer giving them tools so they can compete in this new digital world. in terms of consolidation, plaid -- aqcquisition by plaid y visa shut down but doesn't mean they'll look to go public at in point in the future. >> julia, if this is about fin tach, had past years had a personality, so to speak foot delivery, moebility or something else >> fintech has most companies of any category on the list last year 12 fintech companies

this year 11 doesn't mean it's dominating the list seeing a number of fast coming up telemedicine agencies not a surprise considering the past year, the pandemic and new innovation put in the spotlight of treating patients at home a lot of telemedicine. friendly environmental companies on the list doing things like preserving food longer pl sciences enabling shipment and preservation of food longer to help the impact of food waste on the environment and companies doing things like robotic recycling. there are various categories on the list i think the fact there san increased focus on environmental impact, telemedicine, and fintech speaks to some of the transitions and changes the new focus of the past year of the pandemic. >> yeah. absolutely fascinating such a rich read waiting for this for a long time, julia. great stuff. talk more about it throughout the hour. speaking of which, interesting data out of

pitchbook today. record valuations in q1. kate rooney has that hey, kate. >> reporter: hey, carl venture-backed companies more valuable than ever in the first quarter exceeding those pre-pandemic levels. according to new data from pitchbook. start with the late-stage companies. unicorn status valued at more than $1 billion now means more middle of the pack average pre-money valuation for those companies is now over $1 billion. more mega deals in the quarter helped boost those averages. performance of some comparable companies going public recently helped give investors more confidence in going in on these late-stage deals meanwhile, pitchbook points out more of these later stage investors are moving in earlier in companies life cycles early stage valuations also notching a record. average valuation on that stage is now $96.3 million big step-up there raising money faster than ever

the time between funding ing rs dropped to levels not seen in six years. public market investors willing to pay for sky-high private market valuations. step-ups for public, hit a high. average pays 2x where valued in private markets. deirdre, back to you. >> kate, a great place to start with our first guest this hour thanks for that. joining us, palantir co-founder and founding partner at hdc. joe, talking a lot about private markets, but it's certainly in public markets as well we've seen high growth names surge. fintech space we've been talking about. paypal and square up 160% and 170% respectively over the last year is this froth or do they simply represent the new way? >> paypal's and square's performance extraordinary last

year this is what we do for a living early stage to try to make things become those big companies. once they succeed they get bigger than people realize i think it could be reasonable how they're valued. >> so what does it mean for the, the legacy guys? the big banks that we've heard from, jamie diamond this year saying probably needs more regulation >> jamie diamond is terrified by the fact he can't keep his best people the most talented people don't want to be in banks. not allows to the creative and do things. regulators nair life hard. al cool stuff and smartest people are leaving goldman and joining tiger and start-ups. financial capitalism sucked dry and destroyed by this government centralized regulatory system and all the smart people are fleeing and doing creative things jamie dimon, of course, wants to make it harder on those people

to do innovative things, too not good for the country, to make those people not be able to do creative things, also, too. >> speaking of disruption. you've got a number of investments at abc in health julia boorstin talked about having a good presence on our disrupter 50 list this year. also fintech what do you think the remaining opportunity is there to justify the valuations that are so strong right now >> gosh. you know, there's a, all of these possibilities. first, look at as a venture investors where are the gaps in the economy? health care, health services gaps everywhere. right? spending i think -- look at uk how much money they spend per person on health care to take care of everyone our government already spends more per person and not taking care of people at all. giant leaps to deliver health care better. in finance lots of areas you could be using credit in the economy better with better data to drive business so the whole economy's shifting

right now to take advantage of the cloud, take advantage of big data and still in early innings in all of these industries year seeing a real acceleration of money coming into the space because of this. >> joe, even talking today, quarrels from the fed, fed and bank regulations involved in a sprint to evaluate cryptocurrency policy. i wonder if you agree they're late, and if they are late, if they are having to run to catch up >> we have our country, experts of centralized status. scary about the fed. i might disagree but they're really smart people on both political sides in new york saying, wow. real idiots running the fed. this is scary. china knows it as well china gone to top institutions telling them the fed is crazy. going to destroy the dollar. promised not to destroy it keep yields higher, money in china safer. politically i don't like it at

all. a lot of smart people are betting against the dollar, betting against the fed and the centralized system of finance in america because crazy people are in charge. terrible if the fed tried to do their own currency you want decentralized and don't want them in control of the financial system that's the big fight going on right now. >> did you just say they are seeing keep your money in china because it's safer >> a lot of people i know, talking to multibillionaire guys saying china is making an active play to say, listen, we know and you know that the people in the fed lost their minds printy dollars like crazy. basically, like -- and printing dollars like crazy,

and basically going with janet yellen who's usually smart. the biden administration printing tons of money going along with whatever she needs. printing way more than they should read the articles out of the "wall street journal" and others the fed lost its mind. china's taking advantage of that make a play to hurt -- it's scary what's going on with the leadership of this country. >> not heard that. joe, thank you, as always for your insights. ceo of discord moments away plus amazon a deal to buy mgm. a big hour of "techcheck" it just getting started. so it's another day. yeah- that's what most people think. but in business it's never just another day. every day is the day. there's the 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.

♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network.

♪ amazon reportedly nearing the deal to buy the hollywood studio that broad you "james bond." deal set to close at $9 billion adds another layer to the content and streaming wars joining us, senior editor of recode host of re/code media. always good to check in with you. good to see you again. >> nice to be back. >> a lot of head scratching about the number, but i saw your

take if you inflate the marvel deal out from disney, maybe it's not so out of line >> yeah. kind of trying to make the point disney got a great deal. bought marvel and lucas film inflation adjusted $9 billion-plus rather have mgm, "james bond," "pink panther" "star wars," any you know what you'd pick no one thought about turning these into this and why they have to pay poor mgm. >> right marvel brought riches, theatrical distribution. any reason to think amazon could do the same with mgm >> i don't think they're doing this, to be in the theatrical business and surprise fundamental they took "james bond" our theaters that's an international box office event that makes a lot of money. probably important to economics it continues to do that.

i think probably try to definitely create streaming. >> potential mgm-amazon deal, like you said. in the context of disney and marvel, but i think in a way marvel is worth more to disney than it would have been to so many others. nobody cared ar ireon man and capital america. marvel made a thing on its own before disney brought it but made it more once it was disney. what about "james bond" series on merchandizing maybe? >> definitely want a catalog, want all that stuff. you hit it on in the first part of your comment. disney was a content company that bought another content

company. amazon is not a full-fledged context company. it's useful to think what they did when they bought whole foods. didn't revolutionize the food business or fundamentally restructure food bought it as one of the many things they do content is one of the many things they do why i don't think they are really competing head-to-head with disney, discovery, warner and netflix, a side business for them even though a $9 billion, it's a side business. >> right peter, $9 billion, though, is relatively large for amazon. aside from whole foods, you just mentioned. size of its acquisitions about $1 billion or less if everyone seems to say that this is quite a premium for mgm at $9 billion, what reason do you think that amazon has to pay this much? they are shrewd dealmakers over there. is this about, you know, really making that big bet in content, bringing jeff blackburn back on

and giving him something to manage why would they pay this much >> they're making bigger bets. right? paying $1 billion to nfl to show one game a week. a $10 billion deal they are making big swings it's just big swings within the context that amazon means something different. this is one of the biggest and most impactful things to buy without bumping into real regulatory problems. still getting scrutiny but not buying sports or news, or things that go way. and smaller stuff is smaller you can sort of see the logic here also they had been looking at mgm for years. looked before jeff blackburn had even come back mgm cleaned itself up to make a sale more plausible. that's part of it as well. >> peter, looking for an announcement obviously definitely one more addition to the conversation that at&t warner discovery brought to us

last week. good to see you. thank you. >> thank you. meanwhile, a gut check on adobe. initiating a buy $600 price target about $100 away from here saying adobe became the standard in collaboration and consumption positioned to benefit from digital transformation sheas up about 130%. joining us the analyst behind that call greg moskowitz content creation, creative cloud, sort of got adobe here and it's a big portion of revenue. you justify it going to 600 a year, how much lahas to do with documents and experience clouds? are those going to accelerate more >> a great question. thank you for having me. so we do think all three clouds benefit from digital transformation and just very brearley touching on each. on the content side we're seeing and hearing about all sorts of folks, whether they're

consumers, prosumers employees, large organizations doing more as relates to creating content and looking for more productivity as well, which kind of ties into document cloud. but experience cloud i think is what arguably offers the most incremental potential, and if you think about kind of where we are today. you see have seen this personally i'm sure. kikés much less pervasive. as a results marketers still need to get to customers and that's happening through a technology cbp customer platform. run much more targeted campaigns. personalize products and recommendations and really build a greater level of trust and, again, connectivity with customers, in turn can drive

more modernization. >> with that, i want to get into your thesis on experience cloud? they've got a ton of competition from salesforce, from qualtrics, now public and spun off from sap in that area the wave you've seen adobe compete to this point, how should investors place their bets on how adoebadobe's going o fare >> absolutely. yes. there are a wide range of competitors and a bunch of strong competitors there as well so this is not a wide-open deal. however, we do think when you look at adobe's assets, what they possess with an experience cloud from an end-to-end standpoint is absolutely a point of differentiation i also add that the acquisition late last year of workfront. a work flow management product that's really important and effectively they can tie together a lot of their products for instance, under armour used

in the workfront to manage more than 300,000 digital assets. just a massive amount. again, driving a lot more productivity from, because of workfront and we think adobe is quite well positioned to do well in this experience realm. >> we'll watch it. a call we go from around 500 to around 600 greg moskowitz. our disrupter 50 coverage after the break continues. the ceo of discord is up next. first, calls on cyber this morning, initiating cyber and paul palo alto as a buy for more go to cnbc. "techcheck" is back in just three minutes. kids don't really have records anymore... but it tastes better on vinyl... servicenow.

pain? yeah. here. aspercreme with max-strength* lidocaine. works fast and lasts. keep it. you're gonna need it. kick pain in the aspercreme

keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo i really hope that this vaccine can get me one step closer to him. to a huge wedding. to give high fives to our patients. to hug my students. with every vaccine, cvs is working to bring you one step closer to a better tomorrow. - [announcer] grubhub perks give you deals on all the food that makes you boogy. (upbeat music) get the food you love with perks from... - [group] grubhub! - [announcer] grub what you love. do you struggle with occasional nerve aches, weakness or discomfort in your hands or feet? introducing nervive nerve relief from the world's number 1 selling nerve care company. as we age, natural changes to our nerves occur which can lead to occasional discomfort. nervive contains b complex vitamins

that nourish nerves, build nerve insulation and enhance nerve communication. and, alpha-lipoic acid, which relieves occasional nerve aches, weakness and discomfort. live your life with less nerve discomfort with nervive nerve relief. resetting bottom of the

hour i'm carl quintanilla along with jon fortt deirdre bosa and julia boorstin top five on the nasdaq 500 on your screen. dow, s&p 500 settled a tuttle into the red we go to rahel solomon. >> good morning. new home sales falling prices on the rise median new hope topping $372,000. new homes rose to 4.4 supply consumer confidence pulling back slightly in may remaining at high levels the conference board index falls to 117.2, below forecasts. news firm outlook fell as the view of current conditions rose. moderna, we just saw shares of, said its covid vaccine is safe and as high as 100% effective for kids as young as 12 found no infections in those receiving two doses of vaccine seeking authorization for

12-year-olds to 17 in early june. and backing exxon's board of directors. blackrock voting for three director candidates supported by activist hedge fund engine number one blackrock the third largest shareholder, roughly 6% stake and exxon saying it's not moving fast enough to address climate change. you're up to date. back to you. >> thank you, rahel. discord coming in at three on the cnbc disrupter 50 list. this a reported worth $10 billion. app launched six years ago allowing groups to gather by text, audio and video. reports about 140 million monthly active users beloved by gamers who use the live audio feature get to julia boorstin who joins us now with the ceo. julia? >> thanks, jon actually i'm going to update the user number. over 150 million users joined by discord ceo jason s

citron to discuss that and the company's growth thanks for being with us this morning. >> thanks for having me. >> jason, you've reached that 150 million number in part growing outside your core gamer audience now people are gathering on discord to talk about tv shows talk about their neighborhoods to do fantasy football how important is that expansion outside of video games and who do you see as your main competition right now? >> incredibly important. when we started six years ago we were very focused on people who play video games together and talk and hang out we found over the last three years or so seen people take our service, begin using in in all of these new ways you're talking about, because discord really creates's different kind of experience spending time together pup can see your friends are around and gives a sense of being able to run into people online because

of the way that it works differently. >> so i'm curious, jason if you look at the growth of this non-video game conversation on discord, these non-video game channels, things like people talking about "bachelor. how much of that growth do you attribute to people stuck at home over the past year, because of the pandemic, and because of that, do you think that that kind of growth is sustainable? >> i think if you take a step back and think about how people have been using the internet over the last few decades, there's a clear trend that shows people are spending more and more time in front of their computers and on their phones. obviously last year was quite an outlier for many tech companies and for all of humidity, frankly. certainly contributed to an acceleration of our growth bep saw our user base double last year and revenue tripled, but we believe this trend of people spending more time online is going to continue even as people go back outside and enjoy the weather. that end of the day, end of the

school year, end of a work day, people will come home and still want to spend quality time with their friends or communities and hop on to services like discord to study, play individuals yo games or talk about "the bachelor." >> jason, it's deirdre good to see you. talk a little about your business model because unlike twitter and facebook, developing live audio features, yours is not ad based. how does that separate you going forward and change the discord experience for users >> yeah. the way we make money on discord, we have a subscription service called discord nitro people buy cost $4.99 or $9.99 usb. send animated emoji, working on screen playing video games, higher resolutions friends can see. people love it seen a tremendous amount of opportunity looking forward to grow our business model and really excited that we get to

spend a lot of our energy making cooler features for people to use that they choose to buy from us and as a business directly aligned with our customers. >> jason, talk big-picture strategy with us a moment. seems to me this was supposed to be a solve problem just like videochat was supposed to be a solve problem before zoom came along. we've had chat rooms forever since aol and before instant messenger was big 20 years ago. facebook has groups, microsoft has xbots, live chats. why didn't you see the open space to make those things better than they were already and where did the incumbents fail when it comes to improving their services and developing the right business model >> we always start from the customer experience. in our case, like, i play a lot of video games my co-founder stan plays a lot of video games so we were looking around in 2015 at the services that we were using to keep in touch

before, during and after playing gamesance and just felt they weren't keeping up with the pace of technology. technology changes so fast and the way people use different types of computers changes so fast, there's continuously opportunities for new companies, which is both opportunities for start-ups and risks for incumbents and also opportunities for incumbents so you know, the key innovation we saw is that the way that most of these other services work are more retailitarian to send messages backable forth. discourt i discord is different bring video and chat in a different way that creates a feeling of place think about space design of like a physical room. right? almost all rooms are made with tables, chairs and walls depending how you arrange them you have an auditorium, library or restaurant. people behave differently in each of those spaces because of how the environment plorompts

them think about a brivprivate cafe,, dorm room, friends invited in, you can hang out people can pop in and out and you is serendipitous areas. >> and have creator doss ticketing to come and listen to people talk jononstage sounds l clubhouse and what twitter is doing with spaces. tell us about this new model and potentially what it does for revenue down the line? >> on discord two main ways people use our service one is this smaller friend group experience i've kind of talked about. you're in a space with six to ten people invited them in. they're people you know. the other way people use discord is in bigger communities usually around topics of interest, perhaps like "the bachelor" or learning a foreign language or -- you know, exploring a

passion like you know, photographing trains in these kinds of communities, people have been, for many years, hosting large panels, and have q&a conversations, these sorts of things and trying to use our service to make it work. it's been a little complicated to do it what we've done, incorporate add beautiful, new ui experience that is becoming common in audio services balling discord stages making it really easy to moderate panel like we're having now if there were hundreds listening on discord. what we're doing is, by making that experience really, really great, communities are now, it's easier for communities to host these kinds of talks on the other side of it we're opening up something we're calling discovery so if you're using discord you can easily find the public conversations that are happening all around discord, both to have people live listen to start a conversation and allow communities to monetize. >> jason out of time

i need your quick kpaucomment on microsoft. turned down a $10 billion offer from them. what does that mean for your future >> i can't comment specifically on that. we received a lot of offers but under nda. our business is doing really well see tremendous amount of opportunity in the future and believe we're positioned to build the next generation communications service and real excited about that. >> well, jason, we so appreciate you coming on to tell us about what's next for discord and named to the disrupter 50 list thanks for joining us. >> thank you. and, guys, the disrupter 50 rolls on at 2:00 p.m. with isaac lippman. founder and ceo. deidre, over to you. >> julia, i noticed you didn't say just microsoft said he got a lot of offers but can't talk about it. coming up next, pat gelsinger, hits 100 days as intel ceo. what he's accomplished so far and check out shares of lordstown motors down sharply after the ev

start-up has to raise capital to continue production, which has fall ton 50% at 2021 projections. shares down nearly 13%. stay with us.

pat gelsinger is 100 days in as intem ceo took the job as they faced mounting concerns the company lost its way and vowed to refocus its chip design and compete and the biggest and most successful chipmakers, former vmware telling "techcheck" about the importance of u.s. chipmaking a month ago. >> we have to start building more capacity across the world we've become way too dependent on too small of a footprint in asia need a more balanced supply chain globally intel is about to step into that i announced that in arizona. ready to put more in the u.s. >> take a while to build out meanwhile the stock on 0 roller coaster past two years but up as intel announced gelsinger would take the job in mid-january. started officially in

mid-february rival nvidia has earnings tomorrow after the bell. don't miss a big cnbc event featuring ceo of intel pat gelsinger with incoming ceo of qualcomm together on the same stage with me june 16th. krn bb evolve. go to cnbc.com to learn more. >> looking forward to that, jon. and scrutiny for amazon. eamon javers has that. >> reporter: the direct of columbia filing an antitrust lawsuit against amazon the d.c. attorney general is alleging that amazon is anti-competitive in the way it handles third-party resalers on its sites saying that the third-party resellers are required to not post any prices anywhere else outside of amazon that are lower than the prices that they charge on amazon therefore, the attorney general is arguing here the other resellers are required to, then, plus up their prices in effect

to include all of amazon's fees and everything that it charges those third party retailers. amazon moving prices up throughout the online retail marketplace, and, therefore, that is anti-competitive that lawsuit just filed a couple moments ago and announced here in the district of columbia. we'll reach out to amazon and get their response to the lawsuit as soon as we can have it, carl back to you. >> eamon a question for you. it's interesting to see the ag make this argument based on the fact that amazon is raising prices for consumers you know, others could argue amazon does a lot in hts focus to lower prices for consumers. and streamlining that process. in europe regulators are looking at treatment of third-party sellers pt not actually the effect on the consumer any details what they're looking at or comparing amazon prices to, to prices outside to actually get to the point that prices are more expensive on amazon for consumers

>> well, attorney general racine argued on a conference call so-called most favored nation deals in the contracts that amazon signs with third-party resailors that require them not to lower those prices. right? so what he's arguing effectively is that the prices could in some cases be lower if the retailers were allowed to not take into account the amazon fees on their own websites they were to sell on their own site it would be a lower price, because they're not building in the amazon fees, but because of the contract with amazon requires them not to charge anything lower on their own sites or any other sites, effectively, amazon puts its own fees as a price point out into the broader market argues a theoretical lower price than these retailers would be able to charge not clear how many of those retailers would charge such a lower place in the marketplace if it wasn't for those contracts. i guess we won't know until this is litigated we'll wait to see what amazon

says i'm sure it will be detailed, this was not expected. >> and novel to me, wouldn't this result in higher prices for amazon's competitors or the companies offering the product it's a different kind, it seems, of anti-competitive argument, what the result would be >> yeah. i mean what they're arguing here is that because of amazon's enormous clout in the online retail marketplace, points out ebay and walmart are way behind amazon overall, they're forcing retail toers make a choice if you want to be on amazon and retailers do because of the enormous market, then you've got to charge this price based on the amazon fees. what the ag and the district of columbia here is saying is that that's anti-competitive under the law here and if you wanted to charge a lower price on some other site, if you were able to do that, you wouldn't be allowed

to under the amazon contract he says that's anti-competitive and la to go like i said, we'll see how this is all litigated >> yeah, eamon, you mentioned a theoretical nature of the charge they do mention damages and penalties and attorneys fees but nothing specific right? >> right what we haven't seen yet and that the attorney general's right now doing a q&a session with reporters may be answering this question as we speak. we haven't seen any total dollar amount they're alleging here or any allegation here that the district of columbia needs to be reimbursed or consumers here in the district of consumers need to be reimbursed for any costs they've had here so what we'll wait and see is more details on the suit itself in terms of what the cost sand who has to pay and what they're alleging amazon owes here or just after amazon ultimately shutting down this practice and allowing retailers at least here in the district of cluolumbia to

start with to charge whatever prices he want on sites other than amazon. >> eamon, interesting. appreciate that. eamon javers. when we come back florida trying to attract tech companies to come to the state now passing new laws regulating them talk about that. plus, don't forget we have a podcast. listen to "techcheck" on the go. subscribe wherever you listen to your podcasts. we're back in a moment. ok, at at&t everyone gets our best deals on all smartphones. let me break it down. you got your new customers — they get our best deals. you got your existing customers — they also get our best deals. everyone. gets. the deals. questions? got it. but, why did you use a permanent marker? because i want to make sure you remember. i am going to get a new whiteboard. it's not complicated. only at&t gives new & existing customers the same great deals on all smartphones.

get up to $700 off our latest 5g smartphones. 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. faster. vmware. welcome change.

♪ ♪ - [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. florida taking aim at alleged bias against conservative politicians on social media platforms including facebook, twitter and youtube. governor ron desantis signing a new law aloiing floridians to sue and win monetary damage from platforms they feel discriminated against them the state can also fine companies up to $250,000 for deplatforming statewide can'ts the law allows suspensions up to 14 days. companies may remove individual posts that violate their terms of service many constitutional scholars say they doubt the law will hold up in court i'm sure we will see despite the new law, conservative news sites rank among facebook's links personalities were allowed to spread false information without

stating any of the company's stated penalties carl jon, as we go to break don't forget in honor of our long-time cnbc anchor mark haines we are hawksic off an nft of the auction ends tomorrow at 10:30 a.m. eastern time. all proceeds go to charity you can get the info online now. take a look at coinbase, jpm initiates joet weight, price target 271 they say coinbase is poised to become more embedded in financial and other types of markets. "techche" bk aomt.ckisacin men s are interested in sustainable investing. among millennials, the interest is even stronger. ♪♪ one of the big trends in sustainable investing is data, and the ability to understand how sustainable your investments are. by taking that information into account, investors can make better decisions for the long term.

sustainability is not about one number. it's about variables like water usage, data privacy, consumer trust, diversity, land use and conservation. all types of investors are now considering this in their investment decisions. this is not niche. one in four dollars globally is following some form of sustainable investing. with sustainable investing at this scale, there's power to change the markets and have an impact on the issues investors care about most. i am courtney thompson and we are morgan stanley.

we know how much you count on us... ...and that's why we're here 24/7... and have an impact on the issues investors care about most. ...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

airbnb unveiling a slate of updates to its platform including a major focus on flexibility in an effort to point demand from guests to hosts. now, this comes ahead of a highly anticipated surge in summer travel. i caught up this morning with co-founder and chief strategy officer and asked him about this new focus. you can check out that full interview on our linkedin page echeon youtube "thcck" will be back after our last break

some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) do you have a life insurance policy you no longer need? now you can sell your policy, even a

term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. do you struggle with occasional nerve aches in your hands or feet? try nervivenerve relief from the world's #1 selling nerve care company.

nervive contains alpha lipoic acid to relieve occasional nerve aches, weakness and discomfort. try nervivenerve relief. the meme-based cryptocurrency dogecoin has become a household name and so has the famous dog that fronts what began life as a viral spoof. meet the japanese sheba inu whose popularity is no joke. ♪ ♪ dogecoin >> look atdown coin. >> elon musk on "saturday night live" talking about doge

>> that cryptocurrency, doig coin >> if you haven't heard of it, chances are you have seen this familiar face floating around the internet it has found itself as the unlikely mascot of the crypto coin dog breeders are barking up the sheba inu tree and making serious cash in the process. after doge, this already popular breed is becoming harder to find and afford, much like cryptocurrency itself. it is said it is hard to tell how long the sheba inu craze will hold. one thing is certain, as the crypto wild ride royals on, the dog days of doge and sheba inus are far from over. take off your phone and scan this code. it will take you to where you can watch this piece and other original contact you can follow our show linkedin page and twitter account

jon, i guess it is a reminder it is a lifestyle, right? crypto is a lifestyle and there's even sheba inu coin. >> there's two different shiba inu, there's doge and then there's -- yeah. >> that was a great back, carl thank you for that >> in the digital and analog world. yeah let's get to "the half." carl, thanks so much welcome to "the halftime report." i'm scott wapner front and center return of the faangs, why jim cramer says that trade is back in a big way, but can you trust the bounce big question we'll debate it with our investment committee joining me, jenny harrington ceo and portfolio manager at gilman hill liz young, head of investment strategy at sofi josh brown, jim lebenthal. let's go to the wall now we're in the red on the dow and s&p. the nasdaq has given up almost all of its gain as well. it was fun while it lasted russell is negative.