robert frank. all right. just getting a check on the markets right now. we are fractionally higher the s&p up 0.1%. keep in mind we are in striking distance of a new all-time high for that average that's going to do it for "squawk on the street. "techcheck" starts now. zoo happy wednesday. welcome to "techcheck. i'm jon fortt with carl quintanilla and deirdre bosa today making sense of lucky clover, a break down of surges leading the spac charge. bitcoin is risky but official. the company helping el salvador make crypto official currency. later we're live in texas at gamestop's annual shareholder

meeting. carl >> jon, also ahead this hour the street starting to make calls on big meme names like coinbase, even wendy's today and the ceo of unipath as that company reports its first earnings since going public looking forward to that interview. guys, we start with the spacs, are they back. clover health climbed 86% yesterday. volatile again today about 4% thanks to the surge, the initial $16 million investment in the spac was worth $682 million as of the close amid these types of rallies, companies line amc and gamestop have raised new capital from their shareholder base benchmark partner bill gurley yesterday told us that this was ingenuous. have a listen. >> they're actually i think quite ingenuous from a capital formation, capital raising standpoint once you've scared the shorts out of the market you don't

really have anything to balance supply and demand if you just have over base demand for the stock. these two companies at the top of your list, probably would have been brupt and they're not going to be anymore. these movements are having real impact on our world. >> so do you follow the ceos raising money at the peak and believe they can transform their businesses or do you follow chamass and guys, there's a key difference between some of the reddit crowd he sells they huddle. he wants a spac for every letter of the alphabet. there has to be money to pay for that clover, we mentioned it, that's a return of 4,000% on paper at least. we know what he did with virgin galactic to meet some what he called liquidity requirements. what's going to stop him from

doing that from clover what do you do as a reddit investor, do you huddle or watch what he is doing, not necessarily what he says >> i don't get this thing. i know what it means, hold on for deer life. you get attached to a certain asset. people trade you sell when it's gotten to a certain point where you've decided it's a good point to sell, buy when low enough and it's a good deal say what you will, the man knows how to make money. if you are able to watch what he does and do what he does you make money >> if you can time it. that's hard to do. >> exactly but he seems to be pretty darn well at it for a long time so i mean if you're a company and retail investors or retail traders want to give you free money and they hold their hand out with that stack of money in it long enough you take it that's what you do carl, right, if you need money you take it. and use it to build a business

that's what ceos are supposed to do >> it's kind of interesting we had a wave of meme activity in february, but today you were not in earnings season, you were sort of watching the macro, which continues to be not conclusive and as a result, we talked to cramer this morning about whether or not we're in this sort of reddux because we're looking for things to keep us busy and most of these meme traders are simply trying to have a good time. >> who would have thought a few months ago we would be back if this position. i guess they would have said we would have been, but it's confounding a lot of experts on wall street. our next guest actually sees clover as the next gamestop or amc. will it raise money? sees these moves as a widely distributed short squeeze. joining us now dpcm capital chairman and former uber chief business officer emil michael, announcing a spac deal, merging

with mobile gaming company gem city good morning to you. and just this conversation, i'm sure you've been listening to it, this has lasted longer than many thought, perhaps not the reddit crowd has this meme stock phenomenon lasted longer than you thought >> yeah, absolutely. you know, some ways it started with hertsz. if you remember what happened to hertsz a while ago, everyone thought they would go bankrupt and then they raised money a lot of small retail investors who held on to that stock at 30 ke cents and it's now $6. i don't see how it stops if they keep making money. >> you called this a distributed short squeeze, but how do we know that it's retail reddit investors doing, you know, the buying and that institutions aren't getting in on this driving some of the momentum to as a way to partake in the gains we're seeing >> yeah. so i called it a distributed

short squeeze or even a crowd funded short squeeze where in the old days, you had a bunch of firms that were institutions that would sort of go and squeeze someone who would short the stock, another institution now you have this widely distributed set of individual investors pool their money together using some of the social media platforms to push the meme out there and doing this squeeze there might also be institutions riding behind that because, you know, that would be smart money following a momentum trade, so it's really all-of-the-above i don't think institutions would be doing this in the same way that individuals have been able to do that because they're not on the social channel in the say way the wall street bets are. >> that seems to be up for debate goldman tries today to look at various episodes, amc, for example, and say small lot trading declines prior to the peak and share price, the implication goldman says it's

larger traders that are driving the price moves prior to and following the peak in the episodes with we analyzed. is it possible maybe that big guys are better at this than we think? >> it's definitely possible they're better than we think so one could argue that it was invented by the wall street bets crowd and then the institutions came in and saw an opportunity to make this phenomenon even more intense and they made more money on the side. my understanding with yesterday and clover health, 500 some odd million dollars lost by institutional short sellers as well >> emil, we're getting some headlines this morning from the biden administration regarding tiktok parent bite dance i believe you're an investor in bite dance what did you make of it? the headline says biden is close to issuing a new executive order targeting personal data collection by chinese apps that would include tiktok what do you make of what's

happened not just in the trump administration, but if the biden administration now goes after chinese apps the same way the trump administration did >> well, so i also heard that they're not shutting tiktok down, which was the great fear i think for the bite dance parent company that the tiktok app would get shut down in the u.s. unless they spun it off and it was bought by walmart and these companies that got together. i think that if it's a data collection thing, that could be worked around probably you could store data locally in the u.s. and maybe not comingle it with the chinese data and other data they have. >> is that good enough does that confront some of the security concerns? you're right, there is an important distinction between shutting it down and cutting off any access, versus do we trust the chinese to make sure that they're going to keep that data separate and not tap into it at any point? >> i mean, if we have to be able to trust that in some way we're

going to walk too a balkanized internet, cheat internet, the eastern world -- >> it's already balkanized china bans a number of our biggest apps. >> they sure did i remember when i was at uber trying to make sure our app didn't get banned in china and we got kicked off the wechat platform and so on, so it's been a one-way street so i do think it's a little more balance that the biden administration is trying to add, but they're trying to do it maybe in a more surgical way, but making it about the data not about the bapp banning of apps completely google cannot be used in china or facebook, but if tiktok can be used in the u.s. but the data segregated, maybe that's a better answer, i don't know. >> some are asking, where is the line as to our willingness to tolerate supposed surveillance by chinese authorities for example we had fund managers asking what about zoom are we done having a discussion

about what their practices are >> we're not when you have power grids that can be infiltrated, i can guarantee you that phones are being sort of monitored and apps it's not unique to chinese apps or companies i think you have a sort of cyber cold war going on, or maybe a cyber hot war across the board with russia, china and the u.s. right now. there's lots of dimensions to this, and it's not over. >> emil, you mentioned uber you helped build and as many have noted maybe probably wouldn't exist without apple's app store. but uber also never had to pay that 30% commission. what do you make of all the developer backlash against the app store and support as well? where do you fall? >> you know, living in free markets i generally say okay, eventually there's going to be some other competition and in this particular case between the

android system and apple's ios system that's 90%, 9 8% of small foens in the u.s you have two choices for app store and that's it. in china they forced android to allow more app stores, three android app stores that compete with each others based on quality and security and price and all that what i think you might see, just a prediction, more regular glaer to regimes like the eu forcing apple to do things like open up their platform in certain ways or allow more app stores on their phones, but i think this 30% tax where it's 98% of people have to pay it is probably not going to last forever. >> emil michael, thank you for joining us this morning. >> thanks for having me. and we mentioned gamestop early. it reports earnings and hosts its annual shareholder meeting today with ryan cohen expected

to be voted in as chairman kate rooney has more. >> good morning. a board overhaul going on at reddit favorite gamestop today the big vote on the table, whether or not to make ryan cohen officially chairman of the board. there is not a lot of pushback expected in grapevine, texas, today where that meeting is happening. take a look at that live shot that's expected to start shortly. ryan cohen is not expected to be there in person but he has become the face of this company despite him controlling about 12% of gamestop. most of the old board meanwhile has stepped aside. three new nominees have ties to cohen from chewy which he sold to pet smart that crowd, despite no one really looking at the numbers, analysts tell me the quarter doesn't mean much for the stock price. shares have outpaced the fundamentals since january, up more than 1400% since then and investors have been way more focused on future quarters

that future includes a new ceo, current chief executive george sherman announced he was stepping down by the end of july and the company has not said much on this apparent tech-driven strategy any details or a cryptic tweet by ryan cohen going to fuel more optimism on reddit back to you. >> they love ryan cohen's tweets thanks. we've got instagram news, we've got the company behind el salvador's move to bitcoin and the other meme stocks we found on discord big hour of "techcheck" just getting started. it's another day. and anything could happen. it could be the day you welcome 1,200 guests

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. time for a gut check stifel has beef with wendy's keeping that price target fresh, never frozen and downgrading the stock to a hold. should that be a huddle. that is actually the catalyst behind that call stifel says the current -- stifel says the price is out of whack with the valcauation shares of wendy's down 10%. the senate passes this $250 billion bill aimed at boosting

tech investment in the u.s. to combat chinese advancement the bill originally named the endless frontier act dedicates $81 billion to the national science foundation through 2026 and includes a new direct eight focused on a.i. and robotics it would provide to companies to help address what we know is a global chip shortage the bill's sponsors hope the bill will help companies compete on the global stage as vc investment has dropped more than 30% since 2004 we'll see what happens in the house but ween this, the tiktok, eo we talked about, between the trade agreements we might get between the u.s. and the eu in the coming days we're turning up the volume on china. >> not every day you see something passing in the senate 68-32. does that happen anymore the house seems to be indicating that they're going to get something done here. i've been watching intel which i think of as one of the potential

beneficiaries here we've had pat gelsinger on "techcheck" talking about his plans for manufacturing hoping to get a good chunk of that money to help build these fabs and foundries that are going to help reinvigorate and invent intel. >> yeah. and that sort of plays into his argument that chips are a national security issue as well. we know china has had this plan to boost its tech companies for years. they're trying to make chips as advanced as ours carl, used to be thought that chinese companies were simply copycattings u.s. companies, but i think in a number of ways they're actually could be surpassing u.s. companies. we talk about the rise of the super app and still don't really have one that compares with the wechat from tencent so interesting to see lawmakers taking this threat seriously >> yeah. i mean you look at the list of top-loaded apps month after month tiktok is at the top and

has been for a long time shares of unipath falling despite a beat in its first earnings report going public in april. joining us is unipath founder and ceo daniel dines welcome back congratulations on the first print. >> thank you for having me >> you guide above and you have a metric about the revenue renewal rate up 64 has there been a tailwind do you think even since you announced you would be going public a few months ago >> absolutely. we are a sector trend, automated the business processes and in order for an enterprise to achieve the full benefits, we need to have access to the suite, the stronger sponsor among the executives, and i would say that the i.p. with tailwinds mostly happen in our high-level discussions that we are having right now >> you know, we just had a

discussion about the ongoing race between very large company, in fact the two largest economies in the world, u.s. and china, trying to outdo each other and innovate each other on a.i. and semiconductors and robotics too i wonder can you describe the degree to which and how the company is riding the tailwinds? >> i really believe that automation is the type of technology that unlocks human potential and will allow our customers to deploy this potential to innovation like day-to-day operations. we all know and, you know, the latest thing that move into the space shows how important innovation is in the grand scheme of things >> daniel, there's a lot of focus on your annualized recurring revenue. your guide is strong overall for

q2, it's 55% growth at the mid-point. some people concerned that's a deceleration can you put some color behind that during the pandemic and hopefully coming out of it what kind of kdemand are you seeing from automation and beyond and how is that translating into your guidance on arr >> pandemic last year was for us net neutral. in the sense that we have seen larger investments from health care and maybe more reducing investments from the retail sector and so on right now we are seeing an acceleration across all the industries we're bullish on our second half of the year and we are the undisputed leader in this burgeoning space and the ipo and i think this quarter is only increasing our market share.

>> how should investorsexpect you to respond to this acceleration are you going to ramp up spending on sales and marketing to keep that going are you going to lean in to m&a? >> we're doing a bit of all of this first of all, we are increasing our spending into r&d and we are hiring all across the board. we have launched recently an array of different productsing and we are investing heavily into our partnership and in order to achieve the full velocity of deployment, our customers work with the largest averag a.i. and our partners and work to accelerate deployments and translates into major activities in our go to market engine. >> nice to see you again

i have to ask you about a topic we have spent a lot of air time talking about and that is as a newly public ceo what do you make of the market dynamics your company has come into the rise of the reddit and retail investor, especially as you lead a company with an already very large total addressable market and one generating cash? >> i think this is well and great into our culture as a company. we were able to get here by democratization by access to technology we build one of the earliest low put, no put automation platform. i think in the same sense this is happening in investor community. we really welcome retail investors. we believe that there is a lot to happen in the education and i think the communities like reddit can contribute quite a lot to the education of

investors. in the same time, i would like to say that we are in the long run for us a marathon and this is also part of the education of retail investors to look at the fundamental of the companies, to the t.a.m., to the leadership, to the positioning in the market, and i believe they will make way better investment decisions. >> finally, daniel, you know, we talk a lot about the labor shortage in this country and i wonder, can we draw a line between what's happening in the labor market and your customer base looking to buy more robotics is it such a long cycle business that the current labor market dynamics really don't apply to something like that? >> well, i read recently that actually there is a shortage of skilled workers in our market and compare this with the aging of the population, we believe

that robotics is one of the key technology that can enable our customers to tap into the market and give them higher level type of jobs that are much more appropriated for humans like creativity, like communication, like social skill, so in the end auto m automation is creating a better work environment and going to stimulate the job market. >> you would hope that as a result when you get better job matching you're right about demographics that's definitely a longer term story for the u.s. job market daniel, again, thanks so much. great to see you. >> thank you so much now we're going to hear from instagram chief adam mow serry after the break and el salvador boasts to make bitcoin legal tender businesses will have to accept it

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resetting here at the bottom of the hour. welcome back to "techcheck." i'm carl quintanilla with jon fortt and deirdre bosa and julia boorstin julia will break down what we learned from instagram head adam mosseri on "squawk box," talking about facebook and apple that's coming up next. first a new update with leslie picker hey. >> hey, carl, i'm leslie picker. campbell soup shares hitting a 52-week low after full year guidance and rising costs are cutting into their margins. liquor and wine giant brown-foreman, sales of jack daniels fell but some premium bourbon brands saw double digit increases. shares down about 5% u.s. bond yields are continuing their fall the 10-year dropping below 1.5%

for the first time in more than a month and yields are near pretechnical levels ahead of tomorrow's inflation report. the u.s. home has 25 connected devices more than double the average from just two years ago. working from home helped drive the rise so, too, did remote learning also the study found 58% of households now have a smart watch or a fitness tracker a perfect study for this show. back over to you, deirdre. >> thank you so much for that. interesting comments out of facebook from the head of instagram, adam mosseri, as they make announcements on how people creator can make money off the platform julia boorstin breaks it down for us we know they were going this route. what was announced >> look, facebook is making a big push to draw creators to its platform facebook and instagram if it can help creators make money on those apps, then those creators will be more likely to

stick around rather than go off to tiktok or snap. they can be a big driver of e-commerce and if e-commerce happens on facebook that is a valuable work-around to apples limits on ad targeting to deal with apple's 30% fees facebook is looking for work around for itself as well creators take a listen to mosseri >> when there are digital transactions that happen on ios, apple insists that they take 30% of that. there's a very fewnumber of exception. so for transactions that happen directly in ios we will have to abide by their rules it's their playground and they set the rules. we have to abide by those. in general we will look for other ways to help creators make a living if we can help brands and creators find each other they can make the transactions happen off line.

>> as facebook deals with the ad tracking issues as well as the 30 percent fees it's positioning itselves as an ially to small businesses as facebook looks to navigate ad targeting and how commerce can be a solution for that. >> so facebook is looking to sort of support creators and small businesses but where does that leave another industry that has been very good to facebook over the years, ad tech, right because of the privacy changes and perhaps because of what facebook is aiming to do they may have to rethink their business models. >> look, so there's -- facebook has been very vocal in its -- voicing its concerns about these ad changes, but there is this whole separate ad tech industry. there are a number of independent ad players, such as trade desk, magnite and the companies that help advertisers like the top 200 or 300

advertisers target ads all over the web. if you're within facebook or google's wild garden you would advertise with them. anywhere else on the mobile web you would be going through a lot of these players these are -- if you're getting a procter & gamble ad for general motors you might be getting an add through one of those players those companies will have to rethink their business model not only because of apple's operating change but because of some of the changes apple announced on monday about limiting tracking through e-mail that's going to be something to watch. those companies will have to adapt and if they don't we'll see some of the advertisers shift their money elsewhere. there's been speculation that some of the streaming ad supported video options could benefit from these changes because they track users in different ways and not as reliant on these methods that will be taken away, that apple and google and others will be taking away from the ad tech companies.

>> i wonder if adopting could lead to more consolidation in this industry. i mean we spoke to zenga not long ago which made an acquisition to essentially bring their technology in-house so they could track and have access to more first-party data do you think we'll see more of those kinds of deals >> i think overall, first-party data is going to be the thing that's in focus. brands, consumers -- brands want specific data on who their consumers are and build that direct relationship and i think that's also why there's been so much interest in the e-mail marketing issue because brands want to send you an e-mail know if you opened it or not and apple will put limits on that as well to your point about games and the game ad networks, there are a couple of companies, unity one of them, and they specialize in app, in game ads, and i think we are going to see them try to create that direct relationship with consumer to circumvent the

new restrictions that both apple and google are putting on that dynamic. deirdre? >> yeah. fascinating conversation as i look at one of the biggest ad tech players trade desk you mentioned down 26% year to date. someone who is getting hurt by the changes. thanks, julia. >> thank you. watch target this morning. earlier on hit an all-time high again. a hike of 32%, 90 cents a share to be paid on september 10 this year will be the 50th consecutive year target has established a div hike stay with us wondering what actually goes into your multivitamin?

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el salvador is the first country that set bitcoin as legal tender after the congress voted in favor of a new bitcoin legislation to build out the nation's first crypto financial system el salvador will partner with strike and joining us to discuss strike's ceo jack mallers. good morning >> good morning. how are we >> good.

good well, first of all, assuage a concern i have about this el salvador stuff at the end of last week el salvador pulled out of an anti-corruption accord with the organization of american states and the u.s. is concerned that this is going to be a problem for efforts to root out graft there. is there any way that corrupt politicians, others in el salvador could get in between these transactions, converting bitcoin into dollar or other kurns and cause a corruption problem related to crypto down the road listen bitcoin holding properties and it's an open monetary network el salvador embraces that. they will be coming out with a government wallet that is supportive and encouraged to be used but not required and anyone that is interoprable with the monetary network can use it. to answer your question no, and

my focus is embracing the properties that is bitcoin and makes it the most monetary network on the planet and helping them build out >> your understanding of the government wallet is that the forces in the government won't be able to reach into it and take things out in a way that's not traceble >> no. listen, if you custody assets with any custodian you are beholden of that custodian, whether that's coinbase, a government, chase bank, whether that's fidelity. the power of bitcoin you can custody your own assets and remain a network yourself and el salvador embraces that the government needs to be interoprable with the network they're supportive of and we will help them that's a huge property of bitcoin and why this is a huge moment for humanity. >> now let's talk about strike for a moment you operate on the lightening

new york you are part of what allowed the nfl's russell okung to take his salary in bitcoin. why is this an important moment and where do you hope this goes next >> yeah. at strike we think that the bitcoin network and bitcoins asset is the most powerful monetary network of all time and impressive asset in human history and we as a company have a mission to secure financial freedom for all and we do that by making this monetary new york easily accessible and usable to everyone on the planet that's our mission whether an nfl player or rap artist you're the president of a country, i am here, i will die on this hill and i'm very supportive of what bitcoin stands for moving forward. >> jack, people who are watching the evolution of bitcoin or crypto in general as a payment mechanism asks, okay, how you going to order a pizza when you don't know whether or not the payment is going to have a drop of 30% in value before the pizza gets to your door? is el salvador going to

explain -- a decent case study to explain how that gets smoothed out >> yeah. so here's the deal, it's not mandated that you hold bitcoin there's security concerns, there's how you're going to custody it, exposure to volatility as it's traded in a free market environment. what the government is encouraging is interoperability with the open monetary network what we've done at strike and a product that exists today and widely very popular, we allowed dollars to be interoprable with dollars. you can receive bitcoin as dollars. you're not exposed to tax consequences i do that for you. and so the government is going to take advantage of this infrastructure bill and all of those problems are solved. >> but jack, there could be impact beyond just bitcoin i mean it's a progressive move i want to go back to el salvador analysts have said this move

could complicate talks with the imf. el salvador seek more than $1 billion programs so what do you make, why is it worth that kind of risk or tradeoff potentially >> i'm not sure you're calculating the tradeoff and the risk accurately and appropriately. the monetary expansion that's happening at central banks right now, is extraordinarily concern to a country like el salvador and i would ask you the question back how do you calculate that risk what would be more surprising to me is if countries did nothing and if they have to do something, this is what makes the most sense bitcoin is engineered to solve this exact problem and so this is the most logical step forward for el salvador and for -- >> when it comes to the complexities of the rule of law across borders, how much is strike going to cooperate with governments when it comes to

requests for information about how things are flowing i can imagine issues with things like sanctions that could come up between governments, what do you view as your role and responsibility there >> my role and responsibility is to be a bitcoin and help the world what i believe is one of the best tool humanity has delivered in pushing the world forward. we want to remain compliant. we have no intention of making any enemies. we're a regulated entity and company. there are countries out there that need help and our infrastructure and we're talking to a lot of countries, a lot of entities and our waitlist now of infrastructure probably exceeded 50 million with the countries combined and i'm excited to get to work and to rebuild what i consider damaged and broken infrastructure system. >> we hope to have you back as this develops and as you do more deals and get more partners. jack maller of strike, thank you. >> thank you have a good day.

>> checking in on the most active stocks on the nasdaq today, what else meme stocks taking top spots yet again more on that story this hour plus, watch coinbase ranj calls it a sell and more competition in the space will be bad. shares down 50% since the ipo highs. for more head to cnbc.com t/crod we are back in just two minutes. . fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. - [announcer] if you've tried college but never finished, snhu let's you transfer up to 90 credits toward your bachelor's degree.

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yesterday, i went deep on the stream with two members of cnbc's technology executive council we talked about the digital transformation taking place for their own companies through app development. the chief operating officer of vitamin shop told me his company's mobile app customers are a lucrative component of their business >> in 2017, we expanded that app to be transactable we also have a automatic delivery, a subscription service which is key in our business you can get your products delivered to your home every month and you can manage the frequency, skip orders, add to your order, all through the mobile app those are our very best customers and by far we have the highest conversion rate. those customers that come on that app tend to make a purchase when they're there. >> how much better are they? >> more than 2x what we find on mobile with. >> pretty good glen allison, tractor supply, vp

of ai data and innovation credits the loyalty app neighbors club, 20 million members and counting as a driving force behind consumer engagement and mobile apps are a big part of that and the omnichannel strategy >> you've got over 20 million loyalty program customers just in the last quarter. about 2.5 million new customers in the last quarter so about a 30% increase since last year you know, strong growth across product categories, our neighbors club customers ten minutes -- tend to shop us more frequently. >> important to note with both of these companies they're selling physical products not so much digital goods we talked about apple's take on digital and mart begin impact. they would have to consider that if they were to do digital but that's part of the reason they're focused on physical. if you're interested in joining

cnbc's council go to cnbc councils.com carl >> fascinating again, dealing with technologies that we really couldn't have envisioned 15 or 20 years ago. in fact, you want more 15 or 20. if you want more live streams, our db talk to a db this morning. you can catch the full interview with five-time nfl all-pro star richard sherman on our web page. mere is his take on the recent surge of retail traders as we're back in two. >> you know, obviously it is kind of disrupted the space for a lot of people. you know, i think it frustrated people i don't think anybody could have foreseen this. i don't think robin hood could have foreseen these people using their plat norm the way they have, but i think it is just another way that the pandemic has affected our economy

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tired of hearing about amc but still want outrageous returns? our colleague went on discord and found out about the other, other meme stocks, making her "techcheck" debut -- canadian, by the way let's get to christina parks nevelis or k park as i know him. >> what do we think the "c" in

cnbc stands for, right before i get to the trending other meme stocks, let's go through what makes anything a meme darling usually the stock will have higher trading volume with no major news catalyst and, of course, massive encouragement to buy the stock. so game stop and others. clean clean energy fuels corporation that is up, trending higher today, a little over -- look at that, 17%. there's also movement in the stock. the volume is incredible, up 477% compared to its 30-day moving average despite any meaningful news in relation to the company or broader oil and gas space. according to quiver quantitative, evs, cannabis, crypto and anything to do with betting are trading on wall street bets with the most amount of mentions in the past 24 hours. that has influenced the price of

ev maker workhorse as it continues its rice ovse over tht month. the short interest is a whopping 42% of the float think, these are a few of the names i could mention in 60 seconds of air time with you >> thank you that's great stuff, and i love the canadian angle,too another meme stock we are watching is clean energy nice things about it to say this morning on "squawk on the street". soup to nuts to campbells was down on a miss it rallied off the low to about a the-ntremoh lowly. "techcheck" is back after one more quick break ients, and ferm. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done.

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we've god more testimony ahead at the top of the hour we will hear again from the colonial pipeline ceo on the cyberattack. eamon javers has more on what to expect >> we might learn more information as we see the testimony. here is who will be testifying on capitol hill. this is on the house side. yesterday they were over on the senate side. today we're going to see the colonial pipeline ceo, joseph blount, testifying he testified yesterday, but also we will see charles carmakal,

the cto of fireeye who was brought in to handle the disaster after colonial pipeline was hacked blount yesterday defended his decision to shut down the pipeline, also defended his decision to pay the ransom, and he explained a little bit about what went wrong. take a listen. >> in the case of this particular legacy vpn, it did only hav