>> it's important to point out we're back to 1.27 or so is the last look i had and the banks are certainly performing >> we've got some bond options coming today >> that does it for us here on "squawk on the street. tech check starts now. >> happy wednesday welcome to tech check. carl is off this morning today, growing pains or a mid life crisis, we debate earnings out of netflix and another big tech critic heads to washington. more on biden, the antitrust pick this hour and later, revaluing fang are you too? >> also moving this hour, john, names like ea, zillow and the

realreal, we will tell you why in just a moment and netflix subscriber growth slows dramatically in q2, but they lay out their strategy. they beat slightly on revenue and added more than 1.5 million users globally, but it missed on earnings per share and it lost over 400,000 subscribers between the u.s. and canada between the first and second quarter netflix is forging ahead, though, with their latest strategy, gaming the netflix can start off with mobile offerings in the main app and it will be available at no additional cost to subscribers all this comes as netflix struggles to hold on to its market dominance with market share falling below 50% for the first time since 2015. now, guys, this pair of studies

is interesting because it's really only looking at originals and intent to view, whether how aware people are of these titles and to me, the fact that that market share is declining really speaks for the growth of disney. don't you think, john? >> there were two things in particular that i got from this report, julia. i'm interested in your take. first, when it comes to subscribers, it seems clearer than ever that netflix is trying to do a couple of things they want to get more premium offers that are going to get your u.s. and canada subscribers eventually to pay more, stuff like 4k, other things maybe they haven't rolled out yet but also in markets like asia, they want to roll out lower cost mobile plans sort of broadening their adjustable market and the funnel for subscribers. but then at the same time, they want to deepen engagement with netflix content and brands outside of the sort of boom cycle of, oh, we've got a new season of this thing out and that's to me where gaming seems to come in as well as merchandising, all this other stuff they've been doing, points

to try and even that out and make it more predictable >> yeah. and john -- >> yeah, and i think john that's a good point what we've traditionally heard from netflix is that they want to do one thing and they want to do it really, really well. it's that focus that made them this hundred multibillion dollar company. but over the last year or so, julia, you've seen the other mega cap that don't include netflix any more so they have to diversify. we talked about this a bit before, but some of those eyeballs, the engagement is going to social and gaming the question is, of course, is netflix going to be any good at it >> yeah. and it's interesting in the call last night, they said they are not interested in buying any live sports rights. they said that's because sports is the kind of thing you have to watch live usually it almost always has ads in it so for them it doesn't make sense because they're all about on-demand content. i think that's why they see games as fitting in there.

wherever you are, the ability to do it on a mobile device so it will be interesting to see how that builds out the value proposition and this idea that they want to have something for everyone they want to have a low cost service and they want to make sure for the more premium offerings, that they have them see the value in what they're selling them and not have them cut the netflix cord and go over to disney. >> major indices are up, netflix is down about 3.5% after earnings sure, in the short-term, there are issues of choppiness coming out of the pandemic, but do you believe this central three sis that they can diversify their subscriber types, do that globally do you want they can deepen engagement with things such as, say, "stranger things," maybe

you're getting in involved with fan fixz fiction or whatever they come up in between seasons. that is a question that anybody thinking about going long on netflix at a discount, perhaps, would have to answer >> and perhaps buy some "stranger things" merchandise. we know amazon is pushing ahead with live sports and that goes against some convention y58al wisdom but amight see mid big tech, deutsche bank is upgrading electronic arts to a buy deutsche specifically cites mobile gaming as a reason to expect growth. joining us now to discuss netflix and gaming, alex alex, you know both sides of this business. what do you think, can netflix

succeed where other tech giants have struggled in creating that gaming piece >> well, you said earlier that netflix has been focussing -- singularly focused on doing one thing and doing that one thing well and that one thing is no longer a growth industry. it's now a crowded marketplace where essentially everyone else is doing the same thing. and, sure, orchiginal programmig can be a differentiator, but netflix has to do something else if it wants to continue being a growth stock in the short run, gaming is a decent play when it comes to retention, meaning taking existing users and getting them to not uncub scribe next the next season of stranger things or whatever they like comes on but it is not easy to implement. game software is complex and having multiple game in the same app as a video is nontrivial

there's a small number of examples of ecosystems that can do that. facebook is one of them. snapchat is doing it to some extent, but it's not easy to build. and the focus that netflix and its leadership has had on quality video and the amount of time that it took to get there, that same focus will be needed when it comes to making games that are in any way differentiated or interesting. so the question is can they do both, can they do them at the same time and does it make sense to take a small step rather than to acquire a company like a scopely or a gem city that is decently good at these games and go from there. >> do you think they're biting off too much trying to put this into the same app? i can imagine they might run into some change policies. in a way, gaming seems to be the flavor of the month. sometimes people try to sprinkle social in, try to sprinkle tv

shows, and now they want to sprinkle in gaming don't the games have to be good? >> games have to be very good. from an app store standpoint, i'm not too water about it but the way games generally work, especially casual games are very simple. you want to make a game that people wants to play more than once or twice. if you've done that, how much are you going to punish your users with in-app purchases before they stop playing and let's say that a user runs you $4 your willingness to spend is $3. your game falls off at a cliff that's what most mobile gaming companies do until they find their hits and a typical gaming studio only has one or two big hit games

so the number of platforms successful with a multi game strategy is extremely limited, roblox being a major one which is targeting young kids. so to do it in one app without crashing it consistently together with a bunch of video is really hard to do from an execution standpoint and to figure out how to balance a user between watching and playing so are they biting off too often? so far they've hired just one individual but are they taking on a big responsibility i think so >> such a unique perspective here running a business that's all about social gaming and also having been in charge of acquisitions at hulu do you think it's even possible for netflix to have any meaningful amount of games in the near future without either acquiring a game company or

without licensing games? is this something netflix can do on its own by creating its own content? >> i appreciate that you're asking that question in the traditional way. some people's thesis on gamestop was they're going to be the netflix for games. i think if they go after that strategy, it will be a horrific failure. the only way netflix can be successful is if they reinterpret the category of games to fit into the netflix ecosystem. if they can start getting themselves to a place where once again the disney pluses and the peacocks of the world are trying to imitate them rather than trying to lap them because today, those platforms, hbo max, disney plus have copied netflix and they're trying to lap them in terms of content so the question is can netflix create a new category of engagement which look very

netflix specific that get a user to stick around and once again start thinking of netflix as a thing, an app that i have to open every day as opposed to one of the many that i'm starting to choose from. >> that is a fascinating idea, alex, that they not only have to push into the space but sort of recreate a new side of it for their own community. your insights appreciated, as alwayses thank you. >> thank you for having me big tech, meanwhile, continue to spend millions on lobbying last quarter as the specter of regulation grows. >> john, big tech has built out plenty of muscle in washington over the past few years. but there were some dramatic swings in the amount that companies devoted to lobbying during the second quarter. take a look at google/alphabet, for example. spending and lobbying dropped 22% from the previous quarter. although the total was more than $2 million and that's more than they spent last year

apple was up about 12% for a total spend of $1.6 million. amazon and facebook were mostly flat, just up over 1% and down .4% respectively. but these guys are the bfds in d.c. to the point of almost $5 million each what is driving all of those dollars? the usual suspects, privacy, data collection, content moderation, but there were some company specific issues. microsoft wanted to talk supply chain, ai and covid relief google singled out online advertising. all of these conversations were happening as the house judiciary committee moves on its package of anti-trust bills and the white house has big tech critic lina khan as heads of the the ic they're urging the ftc and the doj to ramp up scrutiny of big tech in particular one thing is for certain the lobbyists will still have

plenty of work for the foreseeable future back over to you >> how do investors and citizens for that matter gauge where whether tech with all this lobbying and spending is getting what it's paying for >> you know, i was thinking of that myself. quite frankly, i'm really not sure on the one hand, you can say how much worse might the tech backlash be if they did not have all this money to make their case, saying they support minimum wages for amazon or for facebook saying these support open regulation. but on the other hand, you could make the argument that it hasn't squelled the backlash. the scrutiny is still there. the personnel are being put in place. is this money getting the roi these companies wanted tbd. >> i think you just did the

segment for tomorrow morning thank you. in the meantime, president biden announced anti-trust attorney and long time google critic jonathan cantor as the doj's top anti-trust cop joining us now, ben brody, who first reported that biden was considering kanter back in april. good to have you ben, how significant is this and how much you pushback should we expect on this pick given what we've already seen with lina khan >> i think it's hugely significant. if you look at who the progressives have wanted to put in that spot since the beginning of the biden administration, this is who they want. he is the person they think will be the most aggressive, bring the most cases, bring the department forward as they see it the fastest so this is who they want and i think if you're google in particular i would be shaking in my boots and use some of those

lobbyists that we just talked about to really push back gendz the kinds of things that he could be bringing down, whether it's future cases, whether it's mergers or litigation strategy because the cases have already been launched. how tough is the gop going to be in that room i think that's what boolgoogle s to worry about now >> do you think they should recuse himself because of his track record and what else should google be doing to prepare itself for this new administration >> in some way webs this case is already going. now it comes down to strategy. the recusal is something facebook and amazon have been doing over at the ftc with lina khan i asked yesterday if they were going to be taking a single move they told me they didn't have anything for me, but would tell me if and when they did.

there is a biden executive order on recould you cuesal. so recusal. but if i were google's counsel, why not try to push him out? but even if you scene in that, there is no question he's still going to want a tougher department >> and that does feel like that's the emerging playbook, create this conflict of interest is it effective, though? do you think that that is going to lead to kanter or khan recusing themselves or being tied up and making them longer than they already are expected to be? >> i think on the ftc side, there's clear some strategy here if the ftc is taking some of its cases to court

i think lina khan would probably win those or at least for the time being while there are three democrats on the commission there might not be soon enough but, still, it creates those kinds of roadblocks and potential for appeal what happens on the doj side might be different he might preemptively recuse himself. but generally, what it does is create an issue for appeal but if the enforcers aren't going to see it themselves, it's the kind of thing that has to be fought out in court later and certainly could create a road block. >> taking a step back, we've seen three very high profile appointments now critical of big tech what do you anticipate happening? do you think there is a risk of

the tech giants being broken up? do you think we'll see restrictions put on them what is the long-term outcome here >> so the biden administration has adopted a pair of attack dogs and the courts have not been particularly friendly to these ideas of anti-trust reform so i think unless congress can get something together, those bills can go to the floor in the house, a lot to get to 60 votes. i think the anti-trust status quo, you're going to have enforcers pushing very hard from the administration, but you could see judges snapping them back a lot and the progress that they can make, it might be accelerated momentum, but it might not be that fast. the question of break-up, that's always the one we're asking, are judges going to allow it i think that's a pretty high bar. judges prosecute going to need to be convinced that that is absolutely necessary in a couple of years when these trials

happen but nonetheless, i think particularly if congress is able to move something forward that makes it easier for those break-ups to happen. you never know what could happen in court >> yeah. and as you said, ben, that's when those lobbying dollars, perhaps, come into play. ben brody of protocol, thank you. >> thanks much and does fang still have bite leon cooperman seems to think so a breakdown of the trade, next it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next.

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say "show me the olympics in 4k" so you can watch in stunning 4k ultra hd. if you believe the economy is going to grow and interest rates stay where they are, they're not overvalued there's three markets out there. there's the fang market, the robin hood market and there's the everything else market i traffic a little bit in the fang market because i think they're great companies that are really have demand pulled forward by at least five years because of the virus so my biggest family offer position is google i own a big position in microsoft. i own a decent position in amazon and i owned a little bit of facebook. i missed that one. >> that is leon cooperman yesterday. still bullish on fang, although

perhaps swapping out the "m" for an "n. he sees fundamentals supporting those valuations. so dom is tags a look at those now. >> i believe our friends and colleagues on fast money, melissa lee and gang call it f-gagh, right? let's take a look at whether those forward looking stocks are moving now with facebook, microsoft, amazon and alphabet, these numbers represent the current levels of the stock. now let's give you an idea contextually these are going to be forward price to earnings, so the price today and analyst expectations for earnings in the coming year. let's take a look at facebook, first of all if you look at this chart, currently facebook shares are

trading at just around 24 times forward price -- forward earnings so 24 times. at one point in the past year, it was around 32 times so, yes, cheaper than it was at one point last year. that's the facebook chart. so yes, it's a discount. microsoft, let's look at that one because leon mentioned that one, as well microsoft at current levels is currently around 33 times forward earnings at one point over the last year, it was around 35 times so yes, a little bit of a discount from where it was i at the higher points for valuation for microsoft. so it carries there. let's look at amazon this one is a little more dramatic here. analyst expectations have come up so high, it's currently trading at around 55 times forward earning easy at one point it was around 107 times earnings and we'll finish off with alphabet, the parent company of google currently trading at just around 27 times forward earnings and at one point, guys, it was

around 33. so if you look at forward price to earnings, it does seem as though leon cooperman has a case to be made that these are valuation plays at least for technology and palm services, guys back over to you >> yeah. it's all relative, but a good case there, dom. did you say fomaga doesn't rel match. >> i hear it all the time. >> okay. maybe we'll adopt it >> in the meantime, we've talked necessary netflix's long-term gaming strategy, but what about the longer term? if you're 55 and up, t-mobile has plans built just for you. gaming strategy, but what about the longer term? bnecessary netfm gaming strategy, but what about the longer term? ounecessary net long-term gaming strategy, but what about the longer term tneces long-term gaming strategy, but what about the longer term ecesss long-term gaming strategy, but what about the longer term cessar gaming strategy, but what about the longer term? essary netflix'm gaming strategy, but what about the longer term? ssary netflix's gaming strategy, but what about the longer term? ary netflix's l gaming strategy, but what about the longer term? ary netflix's l gaming strategy, but what about the longer term? ry netflix's lom gaming strategy, but what about the longer term? y netflix's lon

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could be choptiness ahead. first, let's get to the update >> at this hour, amid stock reaction from the three dow components that reported earnings this morning, coca-cola, johnson and johnson and verizon all beat on the lines. j & j shares moving between small gains and losses, coca-cola up chipotle mexican grill up as much as 10% in setting another all-time high. the share is building on premarket gains following strong results. chipotle says it is well positioned for further growth in a post pandemic world. the move driven by an uptick in morning rates and the continuing of shortage in homes per sale. and jp morgan chase granting 1.5 million stock options to ceo jamie dimon. the options cannot be exercised for at least five years and

shares from the options must be held until 2031. i'll send it back to you, julia. turning our attention back to netflix, our next guest is lowering his price target for the stock after the quarter. joining us now for a look ahead to the rest of the year for netflix is mark mahaney. so, mark, this third quarter guidance that netflix gave much lower than anticipated they don't give us any insight into what to expect for the fourth quarter do you think things will turn around and growth will start accelerating by q4 >> so, hey, julia. so we think they will. there's two or three things to keep in mind here. first, it just passed the toughest covid comp quarters there's no doubt about it. this was a major covid winner. record number of subads in the first half of '20. i think that caused growth challenges in the first half of this year. second, they had production challenges they weren't able to complete

certain titles you see that in a locum tent amortization dispenses on the p&l. so the comps are easier in the back half of the year. they're telling you based on their guidance for the full year that you're going to see a huge ramp up in content spend in the fourth quarterer typically content spend begets subscriber growth. this is what investors really care about what is the growth post covid is going to come down to the disease quarter and whether the outlook is for 7, 8, 9 million subs if it is, it's similar to precovid you have a consistent grower we think that is going to happen that's why we like it here >> mark, i want to know, right now netflix is around 510, 511 your target is 635 so you see a lot of upside from here. but what is your thesis on what netflix will achieve with this gaming push if it's successful is it lowering turn without as much of that spend on content that you were talking about? is it harvesting better data on

what users want? >> yeah, i think, john, the way to think about it, this is like another content category for netflix. so they spend a couple hundred million on sporting related events, they spend a couple hundred million on comedy, japanese anime, and now they're going to continue to layer in the same clips as they have in the past except from going in 7 billion spend, probably a billion on that is going to be in gaming content. will they be successful? who knows. the company doesn't know, either but, one, they already have a huge 210 million customer base secondly, they don't need to put ads into the games in order to monetize they have subscription revenue and third, they don't need to create in-game app purchases that doesn't mean they get it rue, but this company has been pretty successful with original content in the past.

>> mark, did you say that they're push into gaming may not affect margins they're already spending so much on traditional video content, does the video came content come on top of that how does that not affect the profitability picture? >> it could, but what i've heard from the company and what they were explicit about last night is no, we're going to put this as part of our content spend budget so, again, they're spending 17 billion this year. that's going to go up to 18 billion, 19 billion as our guest next year. what they're going to do is carve out some of that and instead of spending it on other categories, they're going to spend it on gaming so that's the play here. think about gaming not as a new content, but vertical. just as in the past, greek drama, westerns, anime, animation video or series for kids, that's how they think about it it seems like a reasonable play for us it's not necessarily a reason to buy the sfok, but if they're

successful, it's going drive greater subretention and it will give them more pricing power just as they've exercised over the last five years. >> yeah, mark, it will be interesting to see if gaming is an entirely different thing to deal with, both from production and distribution but i want to get your thoughts on what they -- they said on the call last night about competition and media m&a. they said the consolidation in the space has not meaningfully impacted them and that they are looking at what's out there in terms of the m&a space but they haven't seen anything that's the right fit. what do you think make of that conversation do you think they have the right outlook and the right plan there? >> historically, netflix has been a zero m&a company. i think they've done two minuscule acquisitions to date they've never done it. i know they've considered it numerous times but i think what they're signaling is there's not going to be much of a change in that going forward. frankly, i think that's a good thing. as an investor, i prefer organic

growth and they also are doing it against big secular opportunity. they don't think that m&a consolidation that you've seen in the space has affected their subscriber growth. that's a question now for investors to think about and the real tell i think is going to get back to this december quarter guide if they're going to be guide to go 7, 8, 9 million, i.e. the normal precovid cases, then the netflix story is intact, this stock is going to go higher. i think that's going to happen and that's why we wanted the leg in stock here. >> great mark, thanks for joining us. netflix shares down about 4% today. >> yeah. and speaking of media and content, in an effort to boost visibility and signups, hbo max is launching a group watch tool to stream full episodes on snapchat users are going to be able to stream episodes with up to 63 other snapchatters and the

futures are being launched through minis latched last year. anybody can snapchat on snapchat now can view episodes of more than a dozen hbo series for free with synchronized playback so everybody is able to stream the same title together. hbo max has continued to see subscriber growth, more than 40 million domestic subs in q1. we'll get q2 numbers in the morning. >> and the interactive element speaks to what alex was talking about at the top of our show, thinking about tailoring gaming interaction watching to the community. so interesting development there. meanwhile, the cult of we is a new book don't miss the inside look with the authors and what they see as the parallels today. zillow, shares are down almost 20 pins since january. they initiate with a buy shares up about 2.6% today more on that call on cnbc.com.

we will be right back. stay with us

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a moment of extreme investor rub ris, i call up with two authors yesterday who were all over adam newman's rapid rise and dramatic down fall

their new book "the c on ult of, have a listen. >> it seems eerily similar to then, the around we work time. it seemed like there were lessons for a brief time and it feels like the pendulum is much quicker than we would have expected sung back in swathiness sort of rick taking on the part of investors >> right and elliott, i remember reading your pieces so early on before the down fall. you were really on top of this do you see any parallels and what does that mean for sort of how we cover the venture capital world and hauall of thee start-ups coming up now? companies that are going to be r risky bets >> we had to rewrite the episode multiple times at first there did seem to be

lessons learned and suddenly, we were looking out at sort of the electric vehicle space and spacs and seeing companies with absolutely no revenue at all going public at massive valuations in a way that, like, sort of the opposite lesson of we work where the public markets are the ones where it's super frothy whereas back in 2019 it was the private markets and not the public markets. now it's both. so, yeah, i think there's a ton of money out there and that is what breeds these crazy tales with often megalomaniac type founders and crazy projections >> right and something that i love about the book is that it goes into further detail into softbank and sun's role so much of this has focused on adam newman, but masa, you know, you guys painted him as a great enabler. and i wonder when we talk about lessons learned, how soft bank sort of used what they've learned from wework when they

invest in many companies through the second vision fund >> yeah. i think there's some nuances that are different the idea of pouring billions at a time in a company that need to lose billions for years is a little passe, but generally, softbank is sort of riding the highs in some of its bet that did work out and pouring mott money into the venture space in sort of a huge way as you said, tiger is doing this, too. and spacs are essentially a size of the vision funds their own in terms of what they're putsing into the market. things are super charged there's a lot of founders that still have full control. that's a common thing and that's what let to a lot of the wework madness. i don't think much has change in the past two years >> adam newman sold stakes in the company at nearly every

round where they raised money. are there any other wred red flagses you can take away from this >> i think as you said, number one taking money out in every round, that must know what do you think about the five of the company if you're extracting kacht capital as you go? it's tricky because right now, almost every founder control company has some degree of extra voting control for the founder, but adam newman was just trying to push it higher and higher and get 20 votes to one. that is a red flag i think some of the -- to also just look at all the things he was doing with this business, it was a real estate company and they wanted to school for their children they couldn't find the right one so they built a school everything about how this business was sort of built and run as it goes further and further along just raised questions of, you know, what is the end goal for this company?

>> it's a great read "the cult of we" is available now. i remember interviewing adam newman and asking him how much money he had for how long longer and he said at least four to five years and that certainly turned out not to be the case. they would have that failed ipo just a few months later. >> just a spectacular story, deidre and it's interesting how much it seems to be a reflection of the financial environment at the time as much as it is about a story about adam newman and wework meanwhile, a lot more tech check straight ahead stay with us

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a province in central china is under water today after torrential rains caused massive floods across the country. more than 100,000 people have

been relocated to safety, at least 25 have died according to media reports. foxconn has not been impacted for now. it's a key economic region for the country and the company. we'll continue to watch that story as it develops meantime, watch the realreal, initiated buyover at bank of america. the term the beating out players like walmart and target. plus, amc was up 25% yesterday today it's naming adam aaron chairman of the board in addition to his ceo role he's become infamous in his courting of retail investors that scks et mto iprtyuch flat tech check is back in two. atev'.

that's why i have my finance team, randomly hurl things at me. it's also why we use workday. it gives us insights, so we quickly pivot our strategy, people, planning, you name it. sorry, sir. i will aim straight at your next step. see that you do. would you like some coffee? workday. the finance, hr, and planning system for a changing world. ♪

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♪ ♪ ♪ ♪ ♪ ♪ one-month low, trading above now the $31,000 marc, almost to $32,000. other measuring, grayscale, digital trust and noirk strategy down for the week but quickly erases losing. core scientific announcing going public via spac. valuing the company at more than $4 billion as bitcoin

heavyweights take the stage as the b. word conference some heavyweights with be jack dorsey cathy wood of arc and tesla's elon musk. don't miss that. it's also an interesting moment because bitcoin is worth half of what it was in april crypto more specifically stable coins, they are in the cross-hairs of regulators in the u.s. and in the interview i will speak with tether executives, the ceo remains elusive. i'll speak with him at a live stream 12:30 eastern. 9:30 pacific after a show today. covering everything including regulation, the assets, backing tether, what kind of commercial paper they hold and lots more. one more thing on crypto a lot of speculation on whether the nft bubble has burst today virtuially human studio. behind horse racing digitally. and they raised a $20 million series with the vc firms

and tcg participating in the deal what is digital horse racing here a look at the trend that is gaming you could say horsepower. have a look. for most of us be nose bleed seats at the kentucky derby is the closest we get to owning a thorough bred horse raise race setting back owners a couple hundred thousand dollars but what if there was a way to buy and sell at a fraction of the cost it's a digital horse living in the meta verse enter zed run online game start-up let's people buy abbreed and race digitally collectible horses through nft three the ethereum based platform >> can it can yield in off spring, sequenced on the blockchain >> owners of the winning virtual horses stand to profit from purses of varying size >> this could be a full-time job

>> but to some of the fans it's more about the unique application of nft technology poeb >> pony up see what it's like it's a lot of fun out there. >> and i tour website. tech check cnbc.com it features mark cuban on a horse, jon when i lived in hong kong i'd go to happy valley where the horse races were wasn't interested in the horse racing maybe that nft part not for me but if we live in the meta verse one day perhaps that's how we attend. >> no glue factory, which i guess is an upside i wonder how it gets determined what horse wins, like i don't know >> well, jon what's amazing to me ises in a hybrid of so many trends hot right now it's nfts. cryptocurrency, gaming, social it's all of these things when he said these are living breathing horses, i think he

meant that metaphorically. almost as if someone used algorithm hot and wrap it in one bizarre product >> seems to be working >> wouldn't be the first time, fascinating. meanwhile, in the real world, salesforce has officially closed the 28 billion-dollar acquisition of slack that was announced back in december and it got the greenlight from anti-trust regulators. slack's stewart butterfield runs it within salesforce and the ceo mark benoff on mad money. surk to the tech check podcast, listen to and follow the tech chhek podcast today. te cck on tv is back after one more break

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welcome back omni channel health care provider carbon health announcing this morning a $350 million funding round. in the fortt knox 101. i spoke to aaron bally using the capital to expand the footprint in the u.s. and expand the mission to make high quality

health care driven by software accessible to everyone especially critical in covid he gave me his perspective on people lacking a relationship with the doctor and people hesitant to get vaccinated >> we have just completed 1.4 million vaccines last week so feeling really like in the front lines, and what we are seeing is the vaccine hesitancy is more people who have not had what they would call positive a good rmts with care providers. that's why the older patients, the ratio is higher. >> we will stream out the entire interview tomorrow you can follow our linkedin page where you fine this and a ton of other great content, dee >> great, stuff, jon, fascinating to see how the tech tools help drive health and vaccines for the country dee >> we still have a busy earnings week intel, twitter, nas.

and mega some of the big hevths to look forward to let's get to "the half." dee, thanks so much. welcome do the "halftime report." i'm scott wapner np front and center, the end fortunate next is it safe to buy stocks again if so, what? the investment committee today answering questions, debating your money shannon. steve weiss, joe terranova, jon najarian and kait moore from blackrock global allocation team good to see everybody. stocks higher again. bond yields are higher again bitcoin is up today. shannon, was that it correction now over? >> seems a little premature, doesn't it i thought the world was ending last week. no, in all honesty, i think that what we're seeing is that earnings are strong. we're ahead of tech earnings next week. and i think that always creates a bit of enthusiasm. there hasn't been any negative news fro