i mean, david, just taking a quick look at the markets, the market is fractionally higher. the s&p and the dow are slightly lower. real estate, health care utilities are the outperformers in terms of sectors and stocks but that's going to do it for "squawk on the street" on day one back at the new york stock exchange tech check starts right now. ♪ ♪ good monday morning. welcome to tech check. i'm carl quintanilla apple's worldwide developer conference kicks off the the stock has grinded steadily lower. can apple change the narrative the ape and the tortoise how the mean trade is destroying

the market jeff bezos says he's headed to space. >> also this hour, bullet calls on se and peloton. we check in on crypto, after a wild weekend in miami. we will get a download of everything that happened there as bitcoin, john, just pushing above 36,000 >> de, apple and spot wear satellite is on this afternoon the developers conference will happen virtually in a few hours. messaging, other apps across devices, maybe some new macbook pros as well all of this part of the push to keep users inside the apple eco system the company making the pitch its vertd cal integration makes better experiences and gives developers the opportunity to reap big rewards critics argue no one company should have this much power. this argument on full display at the recent epic games trial on

apple's 30% fee and monopoly practices. that is the big debate for apple and much of the faang trade. is big real ill so bad deirdre, i think this is apple's big moment to make the argument that its ios eco system, mac eco system has provided a fertile ground for more developers to reach more people in more ways and charge them for the value they create in ways they couldn't before. that's really just an extension of what they were saying in this trial, but wwdc is where they get to connect that argument, at least, to the real world >> yeah, i mean, can wwdc be a bit of a distraction apple came out of this epic trial with its legal arguments intact having the upper hand, but reputationally carl, it did take some hits you've heard more and more developers come out and say perhaps apple is rent seeking.

can developers get excited about a new macbook pro, the idea of creating and, you know, partaking in this eco system that apple has created and perhaps not such a walled garden, but it raises this idea that perhaps apple is becoming a carrier, like a verizon or an at&t, and that it has to worry about a pretty novel concept for a company like apple that has created the iphone ten years, 20 plus years on. >> good point. goldman has a curtain razor on the whole event, john. they aren't expecting apple to change much. given the epic case and the regulatory interest, we will be parsing company commentary to developers carefully guys, we do want to break in briefly here for this breaking news on the fda and biogeneral meg terrell has that meg? >> carl, this is huge news the fda has approved

biogeneral's alzheimer's drug under what's known as an accelerated approval pathway this is a creative way of approaching this it approves the drug, gets it out there on the market. it is based on essentially saying the drug clears these buildups of plaque in the brain. that will be controversial but it also will require biogeneral to run studies confi conc confirming the benefit, clinical benefit of this drug this is a huge stock event both for biogeneral itself, that stock is halted right now. the expectation from analysts it could go up by $100 to $400 a share on approval. if it was rejected they predicted it could go down by 100 bucks, to 200 bucks. most particularly eli lili has an alzheimer's drug that has a biomarker for clearing the

brain. first approved in the united states in 18 years in 2003, the first-ever approved thought to have a benefit and potentially slowing cognitive decline associated with alzheimer's disease, expected market for this drug, 2 million patients with early alzheimer's disease in the united states guys, this is huge news. i'm still parsing through the release here from the fda. i'll send it back to you, but big day for biogeneral big day for the drug industry. big day for the alzheimer's community, guys. back to you. >> i was going to say, meg, it's not often we get to use the word historic when it comes to clearances we'll see what the stock does when it gets back to the trade we'll let you get back to the reading, meg terrell let's bring in the tech columnist for wall street journal and cnbc contributor joanna stern the journal makes the case apple will build higher walls in their supposed garden of eden in an attempt to pull users deeper into the eco system. joanna, i was mentioning this line from goldman they are going

to be parsing the conversation to developers carefully. how do you think that rhetoric changes coming out of epic >> i think it's a tough day. it's a tough challenge for apple today because the last month has really been them making the case the last couple weeks around the epic trials, been making the case, hey, you guys owe us for this big platform. we own this platform you guys should be thankful to us and you sort of have developers being like, um, but we make these apps and we deserve our share of the business. and with today, you have apple out there saying, hey, this is a conference for developers. what are they going to do, what are they going to do to convince developers to be sort of again on the side of apple >> and so what are some of those carrots? can we divide them into various silos? goldman's note talks about maybe additions to home, maybe advances in health what would you be looking for on that front >> i think every wwec is about

the expansion of the walled garden we can debate it and call it a walled garden. in the eco system it's about expansion. allowing them to build deeper into the operating system and the other operating systems. watch os, making their apps and services grow across apple devices. we'll hear about that today. no doubt we'll hear about that today. we'll hear about all the new operating systems, the updates from them. i heard from a couple sources, big updates to messages, safari and more privacy control i think that also sort of gives the developer community the sense of, hey, we're building for this secure platform this is the one we should have focused on versus focusing on android and windows. also around that effort again about health, yes, health being one. not sure yet what that developer play will be there, but certainly the idea apple wants to get more into the space of mindful health -- mindfulness

and also bring back into the apple watch and those signals. >> joanna, got to apologize in advance because you know me, i love to disagree and i disagree with you on this one this is easy for apple this is easy i mean, this is what they do at wwdc last week they put out this press release on how many like billions of dollars, hundreds of billions of dollars their eco system has helped create for other businesses and they had all these developers signing on saying, we owe our lives to apple. that's what they're going to do today, too they're going to say, you know what, you want to give us even more of your life because we'll help you make even more money. they have dollars and cents results to back that up. now, does that mean some developers don't have a legitimate case apple is being unfair of course not. but this is what apple does at wwdc and i think this time with the m-1 chip out, they have a unique case to make that they really do deliver performance benefits that others find it difficult to match.

>> i think we actually do agree. totally agree on the benefits of being in the apple eco system. developers love it because of that, right? they know they're developing, first, for an audience that has money. they can buy these devices they're going to buy more devices. and it's great for wwdc to prove that point on the other hand, i think a lot of them are seeing two numbers, 15%, 30% >> okay. so let me, joanna, then, push back to that whole idea. i mean, this group of developers, even if apple does provide this safer, more productive eco system, they are getting getting louder do you think we get a different tone from cook and apple is he going to -- that reputational damage they suffered during the trial? >> like john said, this is what apple does best at these

conferences, the fire works around the devices and the software we're going to hear cook say, we can all take a shot. hardware, software, services he will repeat that. should we bet how many times he says that today? he will say it many times, right? developers love that the audience, the users love that it's what makes the garden so great. i showed him my video this week and talked about the column, it's beautiful inside the garden there are these walls. maybe the company does have a little too much control. but we as users kind of love that >> joanna, we're going to spend time today talking about the services side. people are still trying to parse out what supply chains look like on the hardware side adjusting their unit forecast for the year paying a lot of attention to the chip shortage. to what degree are you monitoring that in that it might be one day soon a consequential data point for consumer at the

retail level not being able to get the phone or the unit that they want? >> yeah, i think there's big questions about that, especially for the fall i am not convinced that we're definitely going to see a macbook pro today. industry and tech journalists are buzzing around that. i'm not convinced we'll see that today. not sure what that has to do with chip shortages. i think that would take a sizeable amount of the presentation and that is not necessarily where apple wants to focus. it could be one of those carrots you mentioned dangling we care about pros, we care about developers, we're going to give you brand-new hardware, look at this great new hardware. i'm not convinced. on the chip side we're going to see apple expand into faster m chips, these rumored m-1 x, m-1-2, whatever is out there now. that is not going to be part of the story today. the fall is where we're going to see obviously more hardware, but more discussion about the chips. >> going to be fascinating we understand it going into it a

lot better because of this chat. good to see you as always. joanna stern >> thank you, guys we're all going to be taking shots. eight joanna used the term walled garden. i know she did her piece for the wall street journal, the walled garden i have to come back to you on this is it fair to call apple walled garden the verge brought out it's turning into a carrier that's pretty strong what did you make of that? >> totally fair. it's a walled garden but apple would argue there's a big open gate in that garden and you can leave if you want to and go into android land but why would anyone ever want to leave think of it more like the disney world or disneyland style walled garden where you've got to paid a lot to be there, but apple would argue it's the happiest place on earth >> yeah, but i mean, who wants to leave a garden? people may feel differently about carrier. so interesting language being brought into the conversation there. coming up on the show, jeff

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gut check on etsy atlantic equities initiates it as overweight for the stock remember that's a compliment price target of $22. thanks to etsy's unique digital growth story shares up this morning 2%, carl. >> john, don't tell asa, but the hair has been replaced mike santoli has more on the mean trade and the race he's calling between the ape and the tortoise you have a children's book in you, mike. >> you know, that's where the mike p money is as far as i can tell. the reason you want to contrast what the self-styled apes are doing when it comes to stocks like amc, it's really stolen a lot of oxygen in the conversation around the market

because of van hollolumes, vola the broad market in a extremely strong continuation of this rally, pause, rally pause pattern we've had led by cyclicals, macro data filtering right in i would argue the tortoises are underwriting that. these are long-term investors putting money in a very systematic way into things like index etfs i think the bigger risk if you really wanted to look for one might be that the public has gotten to an all-in condition on stocks if you look at the allocation to equities among big investors, and small, and you look at the things like those in flows, half a trillion dollars year to date, it suggests that it's really not all about the kind of gambling story stocks it's also about people just deciding that equities are the way right now. and that to me is one of the explanations for why the overall market has slowed down people have bought in ahead of this huge economic rebound

one final point. unlike january and february when gamestop was really the marquee name in all of this, that was happening in conjunction with a huge rush into hyper growth tech, into the arc funds that was the real blow off into february of all those strategies, sad stocks, cloud stocks this is not happening in that environment. this is extremely idiosyncratic. no big picture, transformation or innovation story attached really to amc. it's much more kind of out of left field and i think it can coexist with the core of the market being relatively calm >> right, that's what makes is it so fascinating this time around mike, thank you for that that is where we will start with our next guest who is arguing that the move isn't about means, it's about decentralization. tech investor and board c.e.o. joins us now to discuss. david, thanks for joining us and good morning you joke that every public company board is forming a mean committee, but you know, should

companies, should c.e.o.s be looking to tap into the rise of the retail investor and the themes that we've seen with amc and gamestop >> yeah, i mean, i think the amc and gamestop activity looks a lot like bitcoin and even tesla one could argue, that there is a retail audience, that there's a group that has both inspiration and entertainment value ascribed to these assets. they bid them up and as a result, those assets can actually fund the vision they can fund the dream. we saw that with bitcoin it got bid up to the point everyone had to own it we saw it with tesla, they had to raise debt and equity where they can fund that vision, fund that dream i would say amc and gamestop, they're part inspiration, they're part entertainment as a result they get tremendous investor interest referenda a retail group that gives those organizations the ability to execute now.

i think that boards are looking internally now and saying let's form a mean committee, it's a joke you're creating a branding program, how do you retail to a brander audience they know how to retail to a customer here's the numbers, here's the cents. branding to a retail investor audience is quite different. it's about telling the story, what's the entertainment, what's value, what is why don't wow toniwh do you want to get on board with us how is the retail company going to find this stock, how is it appealing and how do we tell the story better the stack market is one of the first big waves we've seen where an effort has been made holistically to try and address that audience, but it's really just the beginning >> right, david. so much, though, is still unknown about this cohort of investors and whether, you know, companies can actually tap into this trend

does it risk becoming a distraction and/or do you have the risk of companies raising capital? dump things with it? is this a net good or a net challenging or questionable trend? >> well, you know, one can argue that venture capitalists don't do anything different than retail investors making speculative investments. when you're an early stage venture capital investor, you're making a bet on the future you're saying, here's what i think the future could look like let the entrepreneur or the management team tell the story of the future. you're not looking at yesteryear's financials, here's what the business is worth you're putting in money for the management team to take that story and make it real i would argue this isn't different but it is speculative. so if you're in an established mature business that is kind of stable and doesn't really have that visionary speculative position on how you can change the world and how you're going to create entertainment for the world, maybe it's not the right fit for you. but for a lot of emerging growth

companies wrestling between doing a late stage financing or doing a spac, this becomes an interesting way to find an investor audience, a shareholder base that maybe can come along for the ride with you and wants to participate and wants to see your vision become a reality this becomes a little of the democratization that becomes investing which is purely venture capital investors who have had a bit of monopoly on this market opportunity. >> that's interesting. david, listening to you, and i know you didn't intend to say this, but one might read it that the meme audience or some subset of the retail audience doesn't care about the dollars and cents. that's clearly not true. so i wonder at what point do they demonstrate, you know what, we listened to your idea it's clearly not working out and we're out? >> yeah, they might. i would argue that the meme audience or the retail audience is a little more of of a collective of the miglamygdala

the prefrontal cortex. the retail investor makes decisions more with emotion as an aggregate where as institutional investors are looking at dollars and cents investors were shorting the stock and pounding and saying this isn't a real business, this isn't worth anything the investors that showed up said we believe, they bid the stock up, they were able to raise the equity, they have a vision and a reasonably scaleable and profitable business it looks like so, you know, that may not always be the case remember, in the venture investing world, not all bets win, and so we will see the same sort of speculative investment portfolio return we see in early stage venture. maybe one out of ten companies goes 10 or 40 x, maybe three out of 10 have a good double or triple and maybe a bunch of them won't workout and die. my retail strategy is to put my

money in a portfolio and not just one bet >> old apple, couple decades ago, was young and had to form communities that it was marketing itself to. and one of those communities was the consumer another was creatives and there were educators all these little mini markets. and then over time as apple grew they had to figure out how to talk to investors more broadly, how to talk to more developers than they had in the past. aren't these companies, if they really want this trend to stick, going to have to invest in figuring out how to truly market to those niches and not just market to them with platitudes and overall messages when the stock is going up, but with product and deep services even when the stock is not? >> i think that's right. again, this is about -- the same branding exercise they might undertake as you kind of described to an investor

audience, they need to take it to a customer audience they have to deliver on the goods. you can't be given visionary platitudes for a decade or more. elon for a long time was telling stories he wasn't able to deliver on, but people kept with the story. at the end of the day, if that story starts to become manifest, i think folks are going to value those businesses well and they're going to continue to stick with them. you're exactly right that branding and that kind of delivery needs to come hand in hand over time i do think this audience that wants to be inspired, that wants to be entertained are going to have, you know, a lot of interest and continuing to follow these sorts of opportunities. >> certainly david, thank you very much for being with us today. david friedberg. we hope to have you again soon >> bitcoin is legal tinder the c.e.o. after friday's double digit pop.

a packed hour of "tech check" continues after this break but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns and all the savings you could get by bundling your home and car insurance. but here's the real secret. eye contact. you feel that? we just had a moment. [chuckles] who would've thought it? geico. save even more when you bundle home and car insurance.

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resetting here at the bottom of the hour, welcome back to "tech check. i'm carl quintanilla we're going to follow julia's lead with potential subscription offer. that's next. but first an update with rahel solomon. >> qts realty, the deal with worth $10 billion including debt uts shares are up about 21% on the news qts is a real estate investment trust that owns and operates data centers u.s. concrete soaring 28% after vulcan materials announced it will buy the company for $1.3 billion the deal expands vulcan's operations in metropolitan areas, texas and the northeast turning to oil prices, benchmark crude prices topping $70 earlier

this morning and hitting their highest level since 2018 brent crude is at a two-year high driven by rising demand and opec seeking to supply curbs and norwegian cruise lines, one of the best performer in the s&p, cruise starts, new voyages from miami in august and new york in september. other cruise line stops coming up back to you. >> thank you twitter super follower subscriptions could launch soon. our julia boorstin is following that the twitter product roll out has certainly picked up. i don't know, i've got to think the question is, are they actually going to bring in the revenue? that's what investors are going to want to see, right? >> jon, you're always skeptical. i love we can disagree on this i think it's really worth noting the cadence of product launches is jack dorsey accelerating.

starting with tip jars notice this is the first time people are ever really paying someone on twitter they have the tip jars they last week unveiled twitter blues. that's the way you're going to get extra features twitter is getting into the patreon space and with this new service you will need to have posted at least 25 tweets in the past 30 days you need to be at least 18 years old and have 10,000 followers. they want people who have a reasonable follower count. you don't have to be someone with millions of followers any of those people to be able to make money on the platform. and, john, what i think is so interesting here, as we await the official details from the company is this idea that they're going after a different kind of creator economy than snap chap and tiktok they are going after the same creators, twitter has a different audience and is going to try to get a different group of people to subscribe >> i got you looking for revenue streams

beyond advertising all the rage now some say it's about time twitter got in on this a couple quarters down the line, the money man at google is your executive chairman and jack dorsey -- they're going to want to see the dollars actually flowing in, aren't they? >> they will, and i think these next two quarters are going to be absolutely critical we'll see how soon they can get this product out the door. but back in february when jack dorsey talked about this idea of having a super follower system, they talked about the price point maybe being $5 per month the question is what is the addressable market how many people are going to want to pay twitter. once people get used to giving their credit card to twitter, what are the different things they might do on that platform can twitter generate meaningful revenue from, say, commerce another thing dorsey said he's interested in. >> that credit card on file is a big deal apple certainly has shown us over the years speaking of, one of the things we might hear apple talk about

today is tvos. tv used to be a big deal in the over the top landscape i would argue 5, 10 years ago, everybody in entertainment had to pay attention to the latest thing there. now it seems to me other platforms, roku, certainly the direct platforms from the streamers, of course netflix and disney plus now, they've taken some of the thunder away from apple. does anybody care about tvos >> look, here's what i would say. you're right in that i believe this access to the tv, apple was so crucial -- had crucial access to has been monetized. you can get tv you can get -- apps on roku has exploded the past year what's going to be interesting as we hear from apple today is how they combine the tv operating system with the home are they going to try to make the device you connect to your tv something that you use to facetime with your family? are they going to have a camera

attached to it how are they going to connect it with the home skmands and make it competitive with the alexa. before john used to talk about the competition for your living room it's so connected. you're going to have to decide if you're an amazon home, amazon alexa home, this is the frontier battle a. which one do you want listening in on you. julia boorstin, thank you. >> who do you trust more with your privacy issues. >> exactly >> meantime, guys, lordstown this morning, receiving a delinquency notice from the nasdaq for not filing its quarterly report regardless of that stock is up more than 8.5% plus the end of the tesla model s 5, another elon musk announcement will not make it to the finish line. that is on cnbc.com. a lot more "tech check" straight

ahead. stay with us ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪

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that was from miami's bitcoin 2021, the biggest event for cryptocurrency in history. twitter and square founder jack dorsey who said there is nothing more important in his lifetime than working on bitcoin. >> whatever i can do, whatever my companies can do to make it accessible to everyone is how i'm going to spend the rest of my life. if i were not at square or twitter, i would be working on bitcoin. if it needed more help than square or twitter, i would leave for bitcoin. >> it is one hell of a drug. now it is being considered legal tender in el salvador. joining us from the bitcoin conference on friday and with us now what is next, mackenzie, the pictures both on television and miami papers over the weekend, the vibe, it looked out of control. >> completely. so, it was predicted that 50,000

people were descending on the city what we know for sure is that there were 12,000 ticketed attendees. and the vibe was electric. you bumped in on that sound from elon musk. while he wasn't physically in miami, his presence was definitely felt. right at the start of the conference, the price of the coin dropped following a tweet by the tesla c.e.o. which appeared to take aim at the cryptocurrency but conference attendees didn't put much weight in his comments. bitcoin lingo they call it fud fear uncertainty and doubt the cryptocurrency in general by spreading negative, misleading or false information i spoke with nfl player and bitcoin person who had a tag line, stick to space, elon he said there is no marketing campaign, no p.r. department these billboards were designed

to correct false public narratives around bitcoin use and encourage musk to stick to what he does best. >> that's interesting, mackenzie. wasn't, you know, it was also other athletes were there including floyd mayweather i heard that he was booed on stage when he suggested there was another cryptocurrency that could become bigger than bitcoin. i wonder how many other technologies were discussed at the conference or was this real ill an echo chamber for bitcoin? >> yeah, the thing to know about this event is that it was very much bitcoin specific. so, a lot of the conference attendees were dominated by something called bitcoin max, these are bitcoin maximalists. they think bitcoin is the future of finance yes, people were talking about mfts they were talking about ether, the second biggest cryptocurrency behind bitcoin. i was surrounded by people

talking about how bitcoin is the future, and bitcoin is going to completely revolutionize the monetary system. a common refrain from some of the biggest names on stage was that bitcoin, quote, fixes everything >> right, okay so, a lot of it. mackenzie, thank you i look forward to seeing maybe a cryptoconference in the future broadening it out a little bit meantime, guys, meme stock again this morning to the up side, so far the most mentioned on reddit, we'll watch those shares they are up more than 12% today. meantime, the c.e.o. of mongo is next strong earnings on friday. "tech check" is back in two minutes.

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quarterly reports sent mongo db with subs up 40%. mongo db c.e.o., dave, good to see you. investors impressed by the quarter. i'm viewing this sort of in contrast to what cloud era is going through. such a tight rope to walk when you're dealing with these megascale cloud providers and trying to be best of breed in there. tell me about how you're managing that tight rope and managing to turn in results like this in the process. >> john, thank you for having me on the show. it's a pleasure to be here

mongo cloud era was built for a different era. mongo db is built for the cloud era. to give you a sense of that, we are the most popular modern general purpose platform in the market we have almost 27,000 customers. we have -- we're growing really quickly. our software has been downloaded 175 million times, 70 million just in the last year. so we have broad base adoption in almost every corner of the planet, and customers from -- sorry, cutting edge start-ups to the largest companies in the world are using mongo db >> i noticed your atlas product in particular has some interesting momentum the uptick there also you said you ended the quarter with 1,057 customers who had annualized recurring revenue of at least $100,000 that was up 36% year over year how does that position you strategically, and does it

require, because that's sort of your secret sauce that you spend more on sales to keep that momentum going >> well, i'll say a couple things one, atlas is one of the fastest growing cloud products of scale. it's nearly a $400 million revenue business growing 3% year over year. when it comes to six-figure customers, what it says is it's that large sophisticated customers are deploying mission critical work loads on atlas we have demanding work loads running on atlas and we can see it serves the need of sophisticated customers around the world. when it comes to sales and marketing, john, when you have 1% share, you want investor growth you have more than enough cash on the balance sheet more than a billion dollars on the cash balance sheet our unit economics are great and we're scaling the business well.

>> dev, could you be investing more you said on the call last week you're not constrained by market your shares are up 60% over the last year. are you thinking about raising more capital especially in light of other companies doing so? >> yes, we've been very happy with how fast we're growing. there are some operational limits in terms of how fast you can grow you just can't hire a thousand salespeople overnight and expect to, you know, scale them, ramp them, get them productive quickly. we're trying to grow in a responsible manner when it comes to cash, as i said, we have close to a billion dollars of cash on the balance sheet. we don't need any cash right now. we are frankly cash flow positive last quarter. so we're running the business quite efficiently. we do expect to burn cash over the year, but moderately because we believe that, you know, we're running the business efficiently. there's a big market and we're

investing for growth >> yeah, and we see that growth in these numbers c.e.o. of mongo db, thanks for being with us. >> thanks, john, for being here. >> forget about meme stocks. jeff bezos is going to the move. that's up next the next big technology frontier anhotolad w py it we are back in a moment. its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. ♪ it feels so good to be cared for. ♪ ♪ back up now, ♪ ♪ 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, ♪

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a check on peloton the price target of 140, upside of 30%, calling the financial impact of those treadmill recalls overstated the entry point at the current level, and down 40% for the january highs, dee >> meanwhile, carl, jeff bezos just after he stepped down as ceo of amazon, morgan brennan joins us with what that means. i look at amazon shares, they're done a bit, but what does this mean >> that's right, deirdre it's literal rocket ship emojis. announcing that next month, july 20th, that is the 52nd anniversary of the apollo 11 moon landing, the first human steps on the moon.

that is the day that blue origin is targeting this first crewed space flight past the edge of space that bezos says he's going to be odd, joined by his brother mark also by the winning bidder since last month, and that cull minute yates in a day of final bidding, this upcoming saturday the current highest offer on the website is $2.8 million, 143 countries, but we're going to see where that number lands this weekend for that first trip, and of course it comes, when we're talking about july 20th, deirdre, it's coming 16 days after bezos' final day as ceo before he hands those reins over to andy jaffe. >> my question is, does it mean that jeff bezos is going to

physically beat elon musk to space. spacex is going to be doing the civilian flight at the earliest, inspiration for that will not be on board, and i think music will respond in some form or fashion, whereas blue origin is considered new shepherd system is ---ed a sub-orbital system, even those do actually go above that line and do get astronaut wings. bezos says if all goes according to plan, they will be recognized internationally as astronauts.

given the fact that bezos will potential make it to space at virgin galactic. nonetheless, you are seeing this on the news today. >> i knew you would give us a nuanced answer morgan brennan, thank you. we're about an hour out from wwdc, the latest after one more quick break. stay with us that building you're trying to buy, you should ten-x it. ten-x is the world's largest online commercial real estate exchange. and it's fast. if i could, i'd ten-x everything. like our lunch. (laughs) amazing! see it. want it. ten-x it. wondering what actually goes into your multivitamin? at new chapter, its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. it's another day. and anything could happen.

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one more thing it is, of course, the start of apple's wwdc josh lipton has one more look. julia boorstin has interestingly timed news from facebook. >> this year the developers conference does feel different it's happening as up ale finds itself arguing it takes on revenue, and apple says it has

defended those policies, in line with other digital marketplaces. as well as new messages feature where apple competes against facebook's whatsapp. >> just in times to make news, facebook is making news of its own, and a bit of a stab at apple, right, julia? >> that's correct, he just posted on facebook to help we're going to keep paid live events and the free for creators until 2023 it is be less they're also

pos posting that's happening tomorrow back to you. that gave to cara swisher not too long away where things got a little more spicy, but i wonder if this undercuts facebook's argued, because they're com competing on price i'm not sure, but the back-and-forth, carl, is

certainly anything cook hasn't been known to hold back as suddenly they're going corded. let's get to the half. carl, thanks so much front and center this hour, the push to any record highs. the dow trade s&p not all that far away and the nasdaq dipping barely -- now it's posit a big one at that. new reporting from steve liesman