scarlett johansson >> that's right. >> no one came out looking good from the back and forth there. the compensation for stars is an interesting subject at this point, given it's changed in terms of how you make money on the so-called back end >> reminds me of the music industry. >> yeah. which you know a lot about that does it for us on "squawk on the street. have a great week. "techcheck" starts now happy thursday welcome to "techcheck. i'm jon fortt with carl quintanilla and deirdre bosa the senate might agree on more that be roads and bridges. a bipartisan bill introduced taking aim at apple and google's app store power. plus, not so fast on delivery. doordash is reportedly explored a $50 billion deal to buy

instacart. well, we will talk the speed bump that killed those talks that sounds like a big number, though maybe not quite that big and palantir sees a huge jump in revenue growth, but its back strategy is catching our eye this morning more on how the company is investing in other tech companies. carl >> jon, first up in the feed today, congress opening the side door, a bipartisan group of senators unveiling a new piece of legislation aimed at cracking down on apple and google's mobile dominance the new bill would bar the tech giants from forcing developers to use their app stores and payment systems. also let developers tell their customers about lower prices on their own platforms. in response, apple said in a statement that its app store is the cornerstone of our work to connect developers and customers in a way that is safe and trustworthy. however, the bill would create exceptions for actions by the major players to protect user privacy and security here we are, once again, d, back to the app store and the degree

to which it is either a safe haven or a difficult garden to work in for developers. >> yeah, here we go, again, we know the line from google and apple. they created these walled gardens, safe places where consumers can feel good about that they're getting and the way they're paying, but payments has been such a critical part for lots of different companies. you look at ebay's is results last night you spoke to the ceo, he said payments is really a critical part of his so-called tech-led strategy after ending that pay pal partnership. he said 71% of transactions now handled by the company's payment platform with the target of 90% of all transactions in the september quarter. the stakes are quite high for companies that do want to do themselves there is a lot of them out there. >> there is a lot in this bill that to me makes a lot of sense. it always seems to strange to me that apple could keep developers from saying that there is another deal on the website.

but this whole side loading thing, i don't know. on android, you can already do it you don't have to go through the google play store. there are other app stores you can put on the device. the idea of telling apple you have to let other developers create app stores on your platform when apple has decided, vertical integration is kind of apple's thing. we control this platform if you want that, come to apple. the idea of legislators forcing them, carl, to change that, seems a bit well, that's new to me >> yeah. it is new. and i, by the way, as a side note, a really good on the other hand this morning when you talked about the new privacy concerns as it relates to images on your phone, on your actual device, but it does sound, i don't know, always hard to read into it, jon, felt like the second half of your argument was the one you're actually on board with. >> this is one -- this time i can tell, d. we talk about it here on

"techcheck" i think a lot of the people against this move on apple maybe didn't read the fine print on it. i think the biggest thing, carl, is that apple didn't roll this out and explain it the way you expect apple to. they didn't get in front of it and introduce it as a feature. aren't you glad we're doing this, and let us explain all the details. it trickled out. apple it to play catch-up with explaining it and didn't end up looking good not a very apple way of communicating. >> right, very trough. >> moving from the app store, antitrust to the delivery space. you heard jon say, instacart initiated talks with doordash for a sale valuing the grocery delivery company between $40 billion and $50 billion. the negotiations fell apart in recent weeks due in part due to worries about whether the deal would pass muster with antitrust regulators the report also details that instacart opened up talks with uber about a sales partnership, similar to their recently announced go pub deal. that deal is reportedly also

being investigated by the ftc for anti-competitive behavior. there is a pattern here where every discussion, every deal, every m&a deal, every working partnership just gets the eyes of regulators now. >> yeah, and, carl, you said it yesterday, we're starting to get a sense of what lina con's ftc is going to looklike not just about big tech, but in this case, it is interesting to think about instacart. we spent a lot of time talking about the company, talking to the company, and it has been such a success story, even amid amazon entering the grocery space. it seemed to get a boost from other grocers. those exclusive contracts are coming up. so instacart may be looking for scale, and the information reporting that instacart initiated talks with both doordash and uber. it makes you wonder what their finances are going to look like when we do finally get that s-1. we talked a lot about their advertising model in business

and how that probably provides better margins, but it is bread and butter is still grocery delivery we know this has become a much, much more competitive space over the last years and, tony shoe, very good at capturing market share. look at what he's done in restaurant delivery, and convenience. >> yeah, the regulatory environment is tricky. but this is where valuations get tricky too that $40 billion to $50 billion number, last time i looked, doordash's open market cap is above $60 billion. how do you engineer that, especially with the market being as volatile as it is, carl that would be tough on a number of levels. and it is so early and amazon, as big as it is, i know you're talking about this with good rx a moment ago, as big as it is, it can't lock up everything there are a number of companies from etsy to stitch fix to good rx, et cetera, you know, doordash, you can count among those now. and instacart that have managed

to succeed despite amazon being in their space. >> yeah, it is hard not to notice too, guys, looking at various shares, amazon touching the 200 day for the first time today, since early june. shares haven't really done a whole lot, jon, in a couple of months and it remains to be seen whether or not that's a function of just lower credit card spend or whether or not they are starting to feel the pinch from some competitive pressures from the likes of a dash or instacart. >> yeah. >> and amazon actually was in food delivery for a time they didn't have a lot of success there. so they backed out and the grocery piece of the business still remains to be seen how successful that can be and grab market share palantir shares, they are surging this morning on the back of those results earnings were in line with wall street's estimates, revenue, however, beat shares up by 15% it also raised its sales forecast due to increased demand from government agencies, but,

of course, it is also making further inroads with commercial clients. that revenue was up 90%. and there is an interesting twist here, guys part of the strategy is palantir as a spac investor it put $250 million into pipe related transactions, just this past quarter these deals not necessarily done for traditional financial returns, but rather it appears to be an attempt to build relationships with the potential customers. the company is said to have signed parallel software contracts in every deal, every spac pipe deal that has been completed. and, you know, the coo saying with spacs we see a historic hunt to invest in our clients. that's certainly one way to do it >> it has not been an easy road, for the stock, guys. today is going to definitely help that's a 14% move, that's the best price here since, i guess, early july but, you know, one thing, jon, we were talking about with

cramer is they don't give you a whole lot of granularity on the earnings print itself. so a lot of this investors are being told to trust. >> yeah. that is a difficult one and then this spac thing, i don't know. in a way, it is not that different from the corporate venture model that we have seen taken so often salesforce has been active there, remember they were early involved in snowflake, for example. i wonder how that plays out with spacs. palantir is going to show us the crypto industry making themselves at home in washington we have more on lobbying efforts that perhaps this week have seemed to bear fruit, right? >> that's right. the infrastructure debate showed the industry is now a force to be reckoned with in washington as the bill is out money and manpower spending and lobbying hit $2.4 million during first half of this year, according to the center for responsive politics

that's almost the same amount the industry spent in all of 2020 the biggest player was ripple labs, $550,000 the most it ever spent in one year second was stellar development fund at $330,000 coin base, 160 now for the manpower, crypto enthusiasts are a passionate crowd and they flooded senator's offices with phone calls and emails even gene simmons, gene simmons of kiss, he got involved too tweeting his support of a compromise on irs reporting requirements the industry is enlisting some more traditional washington players, former senator max baucus an adviser of finance, former u.s. treasurer rosa rios, and tomicah tillman joined crypto just this week. >> well, i'm confident in saying that almost every member of the senate knows more about these technologies now than they did two weeks ago. and that in and of itself is

good news. >> so lawmakers are starting to get involved in crypto themselves in fact, senator pat toomey, one of the key advocates for the industry, he brought as much as $30,000 worth of bitcoin and ethereum back in june. carl >> wow gene simmons thing is going to be hard to forget. thank you. a number of regulatory headlines we didn't get to yet a uk regulator warns that facebook may have to walk back its acquisition of gife due to competition concerns why wyoming is trying to become the new capital of crypto and the ceos of service now and mar quetta, big hour of "techcheck" is just getting started. 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. comcast business powering possibilities. i think you're going to like it here. umm, why is everyone... throwing things at me? look, as cfo it's my job to be ready for whatever's next. 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. ♪

every single day, we're all getting a little bit better. we're better cooks... better neighbors... hi. i've got this until you get back.

better parents... and better friends. no! no! that's why comcast works around the clock constantly improving america's largest gig-speed broadband network. and just doubled the capacity here. how do things look on your end? -perfect! because we're building a better network every single day. two chips going opposite ways this morning thanks to the street morgan stanley downgrades micron today, says winter is coming for the sector shares down 7.5% and it is the biggest laggard in the nasdaq at the moment meantime, baird adds qualcomm to the top large cap ideas list says the stock should get up to 200 and can see shares up just about .2%. both micron and qualcomm, however, are still in the red

for the year jon? >> and cloud stocks have been on a tear recently, one of the biggest service now getting bigger the company acquiring indoor mapping startup mapwize yesterday, second deal of the month for 2021 earlier we saw every name in bessemer venture partners cloud 100 list of private companie qualify as unicorns. joining us to talk through some of this, the ceo, bill mcdermott. mapwize this is so interesting to me. google and others were pushing into indoor mapping, but that didn't seem to go that far mapwize focused more on institutions, like schools, corporate campuses, what is the long play here that mapping gives you as part of your suite? >> well, thank you, jon, great to be with you again the new world of work has obviously changed greatly.

it is a hybrid world and companies have to embrace digital platforms that enable seamless consumer grade experiences for their employees. and that's an expectation that employees have and we're moving into a world now where it is not so much what the employees can do for you, but it is what you can do for the employees. and with mapwize, we'll deliver native indoor mapping capabilities for employees so as they reserve seats, conference rooms, work spaces, work place resources, they can navigate through these offices seamlessly and request any service that they want. they can also report issues. and that could be the desktop, the mobile now we're in complete service to this hybrid world of work. and service now has taken a real leadership position in the employee experience. >> so does this signal your expectation that part of what hybrid work has done is put the entire sort of corporate campus

in play and, you know, take things that were once locked down and make them necessarily flexible so you mentioned things like conference room booking, i can imagine office space booking is going to be important for certain types of offices as people no longer have fixed work spaces they have to reserve them, move around is that going to be a selling point for service now's overall str strategy is mapping becoming strategic now in corporate the way it did a decade ago in consumer >> absolutely, jon absolutely the employee experience is really everything right now because if you talked to any business executive today, they're thinking how many employees do i have vaccinated are they vaccinated? is my office environment safe? can i bring them right now in today to collaborate on a project and then maybe disperse and go work on that project in a highly collaborative dispersed way.

so we know the data and the science at service now because we run the return to work safely application on our platform. and thousands of companies around the world and millions and millions of people are benefiting from this as you know, we turned millions and millions of vaccines into vaccinations for entire countries, entire corporations but now you have to return to work safely, when it does happen and the vaccination issue and people declaring their readiness is going to be a key part of t this once you get there, you have to make sure they're safe are the conference rooms safe, are the social distancing protocols being followed, is ppe inventory management in place? all these things the corporation has to provide the services that the employee expects must be there. look, the companies that are earlier adopters to these technologies will win and the

ones that don't will lose a lot of people. >> bill, it is carl. fascinating this indoor mapping scenario and tool. do you sense any friction among workers in aggregate who are going to want to have some devoted space that is their own in the office? or is that idea truly dead >> well, i think the idea is, you know, there will be environments where people do need their space and that's going to be more their choice than corporations demanding that they get stuffed into a bullpen well, we have learned even before the pandemic is that young people want flexible work, they want flexible work spaces, and now that they have learned that they can be productive, working from anywhere, they're certainly not going to be placed in environments they're not comfortable with so with our application they can choose the space that they need. they can make an appointment and

actually reserve a conference room or a work space that is a certain size because certain standards have to be followed for them to get the work done. the company has to provide this for the people >> now, bill, you were at sap for a long time, you know all about setup and on boarding, but i wonder in particular when it comes to the scenario you're talking to how that will work. what i understand there is a process to getting your campus up and running somebody has to draw like a box around each building, somebody has to drag floor plans on to it to really get that process started. i wonder if a lot of companies have the expertise to do that themselves or will they need their hands held either by service now or a partner to put them in position to be able to use these services you're talking about. >> that's a very important point, jon we have to provide technology that gives people gorgeous, simple user experiences. you could easily be in the real

estate department and manage this for your corporation today without your hand being held by service now or even a partner. it is not that that's not there for you. of course it is. but these technologies are user friendly, they're extremely simple and easy they're all on the mobile, it is a few clicks, and you get exactly what you need out of the system and that's part of the equation here the world doesn't have time anymore for complex technologies those monolithic systems that are transaction at in nature they keep good records, they're in the basement. these are systems of action that people want to use, they can use. and they don't need a lot of hand holding the system is that simple. >> all right new software investments and strategy building on top of this world of hybrid work. bill mecdermott, thank you. >> thank you very much, jon. still ahead, why some snap creators are ditching the platform the reporter behind that

cnbc.com exclusive will join us next. watch sonos getting a boost today after a surprise profit. good guidance is helping as well this share is the highest since early may. more "techcheck" after this. that building you're trying to sell,

- you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. (vo) nobody dreams in conventional thinking.

it didn't get us to the moon. it doesn't ring the bell on wall street. or disrupt the status quo. t-mobile for business uses unconventional thinking to help you realize new possibilities on america's largest, fastest, and most reliable 5g network. plus customer experience that finds solutions in the moment. and first-class benefits, like 5g with every plan. network, support and value-- without any tradeoffs. that's t-mobile for business.

snap creators say they're leaving the app's spotlight feature after payments for their content have stopped rolling in. the company announcing in 2020 that it would pay out creators from a pot of $1 million every single day but in june, snapchat revised that commitment. now saying that creators will be paid millions per month with no specific figures offered frustrating creators who came to rely on the steady income. joining us with his reporting and the full story is cnbc.com tech reporter sal rodriguez. good morning great to have you. i wonder, are they locked into the ecosystem and there is more options than ever. we know lots of companies are trying to better compensate

their creators is it easy for them to switch? >> it is kind of easy. all you have to do really is download a different app and start uploading your videos to that different app and hope that you build an audience and maybe score some sponsors, strike some partnership deals. it can be done but it is going to take some work it is not as easy as switching from an iphone to an android. >> is the real lesson here that creators, influencers are maybe not as influential as the narrative has led us to believe? it seems like they're largely a hollywood farm team. what you want to be is shonda rhimes or reese witherspoon able to sell your creation for $900 million, right not have to shift from platform to platform depending on who is handing out cash as an incentive to stoke engagement on their

platform >> there is a few things going here obviously when you're buying stock, you want to have a die fer diversified portfolio. and then they're seeing that their followership, that's like what's most valuable for them, and then of course as we all learned in the media, you know, relying on a social network like facebook or snap for traffic, that can be turned on and off with the push of a button, right? it is some hard lessens for creators, but not like they're powerless either like, users are noticing that creators are leaving and if your favorite creator is gone, it is also very easy to switch download a different app they have some leverage as well. >> i was going to ask you about leverage, sal, and who has it right here because of the earnings that we got this past q2 season, snap was up there as one of best prints and i wouldn'ter wonder y could afford to be more stinky on payout? >> i think they could. they're telling us they're

getting posts from more creators than ever before so they at this point spotlight, you know, it has got a flywheel effect going, the content is there, the users are there, they don't need to be paying out as much as before at the same time, though, you have facebook saying that they plan to pay creators $1 billion through 2022 and you have youtube shorts with $100 million fund as well if some of these other apps start to offer more, perhaps this could become a problem, but for now, according to snap's second quarter numbers, they seem to be doing just fine >> fascinating story and a real reminder that both sides need one another. no doubt about that. sal, thanks so much. good to see you. let's get a news update, rahel solomon's got it. >> good morning. here is what's happening at this hour treasury bond yields continuing to rise after producer prices jumped a full percentage point in july, wholesale prices up 7.8% over the last year. that's the biggest annual gain

on record for data going back to 2010 nearly three-fourths of the july increases caused by rising services. job openings are at a record high continuing claims fell below 2.9 million for first time since march of last year. the world will consume less oil this year because of the rapid spread of the delta variant. that's according to the international energy agency which is lowering its oil demand forecast for 2021. the agency says that rising covid cases are slowing the global economic recovery. and verizon trying to lure new wireless and cable customers with a free year of the streaming service. customers must buy a new 5g phone on a payment plan or sign up for fios home internet to get the offer. back to you. >> rahel, thank you. a 76% jump in revenue not enough to keep shares of marqeta in the green we'll ask the ceo about that and

the quarter exclusively next don't go anywhere. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute. hello! hey, rob, there he is. workday. the finance, hr and planning system for a changing world.

♪♪ it was my dream to be an entrepreneur based upon the examples that i had growing up. and that was important for me because you can't be what you can't see. the ey entrepreneurs access network has a tremendous impact on my business and other african american and latino entrepreneurs across this country because they give access to networks, business opportunities and capital.

very volatile 24 hours for marqeta after reporting its

first earnings since going public rose and dropped sharply after the bell before coming back a little bit this morning take a look now. the stock remains down double digits, nearly 15% with us now on the quarter is marqeta ceo jason gardner. good morning to you. i want to start with buy now, pay later. you saw 350% growth in this business the past quarter but i want to ask you specifically about square's planned acquisition of after pay. that puts you in direct competition with your biggest customer and source of revenue, does that create some more urgency to reduce your reliance on square? >> well, deirdre, thank you for having me and also thank you for your continued interest in marqeta. first in regarding to buy now, pay later, we saw 350% increase from the same quarter of last year, incredible it shows the power of buy now, pay later. companies like after pay, a

customer, klarna, affirm, both customers. and moving to the planned acquisition. it just shows the disruption going on within the fintech space. and these are both amazing companies, both founder led companies, both customers of marqeta and really excited to see what they do to -- they use different parts of the platform, we power the square card on the merchant side, we power the card on the cash app side for consumers. and then after pay uses our technology to solve the last mile point of sale for transactions in the buy now pay later space, in australia, new zealand and the united states. it creates not only more opportunity, i think, for after pay and square, but more opportunity for marqeta as we see volumes increase. >> how are you diversifying that customer base. last year square made up 70% of revenue and i know they depend

on marqeta for card issuing capabilities what happens if they move that in-house and they think there is a lot of opportunity in buy now pay later as well and taking one of your customers after pay. >> we believe there is more opportunity in buy now pay later. as we talked about in the earnings call, after pay is not a top five customer in regards of volume. so even that combination we don't see a significant increase in concentration risk associated with that. we also have seen in a nontop five customers, a 265% increase in that next set of customers. so our plan in regards to reducing concentration at square is working we have a long-term plan for that, as we discussed the road show but in our call yesterday and the opportunity and modern card issuing is immense we processed less than 1% of the

card volume within the u.s significantly less than that, globally, $30 trillion opportunity. so the opportunity is immense and as we will see over time, as we introduce new products like credit what we talked about, and see customers like google who has chosen marqeta, and coin base and others, we continue to not only diversify in the verticals that we're in, but the extraordinary amounts of opportunity globally for marqeta and modern card issuers. >> i want to understand marqeta's strategic advantages better we can focus on card, on business payments, can you give us the boiled down distilled moat that you feel that you guys have when it comes to this new age of very rapid transactions and payments that businesses of all sizes want to participate in >> yeah, so, let's start at the beginning. we wanted to solve the issue of how do you put a bunch of

groupons on a cart we built modern card issuing from scratch, introduced technologies like -- you place an order, awe drive a driver he restaurant, they swipe the card to pick up the food, the message reaches us point of sale and we send it to the customer, they parse that, they decide whether i'm on shift, right order, right amount, send that message back to the point of sale and then the -- if i'm the driver, i take that order and deliver it to my customer we do that hundreds of thousands of times a day across many, many customers. that is very deceptively complex and to operate that at massive scale with the operational expertise that we had allows us to build very deep moats and very tall walls. now, we take that and expand that out in many different features and functions,

different areas of verticals like commerce disrupters, digital banks, large tech giants and large financial institutions which allows us to build that deep moat of expertise >> and, jason, you did build that moat and put a modern spin on the practice of these customized cards, but the landscape is moving so quickly we're talking with things like decentralized finance now and you generate most of your revenue through interchange fees i wonder how you're thinking about a defy landscape, how that would affect your business model and how you are maybe positioned for that next wave >> well, that's part of our strategy so as we think about not only modern card issuing but modern money movement, i would put defy into that, how can we build more simple tools, features, functions, to allow our customers to take advantage of the next wave of technology in money movement and you're right, we're seeing

where currencies which have been around for hundreds of years now moving into crypto, into centralized finance. we know our customers, whether they're large financial institutions, down to small businesses are going to want to take advantage of this we're thinking far out from a strategic perspective of how we want to bring that in, and understand not only around modern money movement, global money movement, of how towns, cities, countries, continents and the businesses of consumers will want to move money into the future, something we think about constantly but hyperfocused on customers today and the technology we're delivering. >> we look forward to hearing more when you're on next jason, thank you so much for being with us. >> thank you for having me >> and a quick mention that marqeta is a former disrupter. sign up for our newsletter to see who is next to disrupt the public markets jon? >> wall street's no longer star struck by space apparently we saw morgan stanley downgrade virgin galactic yesterday, which

has that ticker. today, credit suisse follows says they don't see much upside in spce in the next 12 months. target of 30 there more "techcheck" straight ahead. stay with us ♪ ♪ ♪ ♪ ♪

- stand up if you are first generation college student. (crowd cheering) stand up if you're a mother. if you are actively deployed, a veteran, or you're in a military family, please stand. the world in which we live equally distributes talent, but it doesn't equally distribute opportunity, and paths are not always the same. - i'm so proud of you dad. - [man] i will tell you this, southern new hampshire university can change the whole trajectory of your life. (uplifting music)

a gut check on two e-commerce staples, first one, ebay, shares did open lower, now flat this morning after that decline in users and fairly weak

outlook. another slowdown there, marrying what we saw from amazon a couple of weeks ago way fair down, but better than 25% for the month. before today's drop, it was closing in on that high, it got to during the height of the pandemic worth noting both of those stocks are having very similar years if you take it back to january 1, up 33, 34% each overall, jon, the picture from etsies, rokus, ebays of the world, the dislocations of the pandemic are causing all kinds of swirls in consumer behavior. >> yeah, interesting how those lines come together. bringing it to logistic supply chain and maybe manufacturing, the question how do we balance the efficiency of robots and still keep human workers in jobs that was one of the topics i touched on with reed hoffman in a fireside chat at the economic club of chicago. hoffman, who sits on the board of open ai, thinks when it comes

to manufacturing there is room for both automated technology and human workers as economies get back on their feet >> if you like a resurgence of manufacturing, robotics of which we also have seen a lot of startups is the right way to bring that out -- back people say, is the entire factory going to be robotic? no, you automate factories, there is more human jobs in them as well. there is increased productivity, the number of things manufactured per person working there goes up. that's part of what you create prosperity and wealth, but to make the robots work, you -- humans are the most flexible and most, like, oh, here is how we can design this working environment in a good way. i think we should see an intense return to manufacturing, we should use the kind of technological advantages that we have that were leading in the world in order to make happen. >> and speaking of trade-offs and humans, we were talking about hybrid work. i asked about the role of big

cities and corporate campuses in the new world of work. he said in person connections still really qualitatively important. and from the guy who started linkedin, that's saying something, d. >> there you have it meanwhile, guys, reddit has a in valuation, worth more than $10 billion after announcing big rally this morning led by fidelity the ceo is with us, exclusively, tomorrow on this so do not miss it. the s&p hitting an intraday record high. we're back in two. jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great relationships with our suppliers. now everyone, everywhere loves jerry. they sure do. they do. they really do. mmhmm. workday. finance, hr, planning and spend management

for a changing world.

and there you have it- finance,woah.planning and spend management wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself.

forget jackson hole and the fed, wyoming has a new obsession, crypto cowboys. kate rooney explains from the capital, with or without the hat. you're not wearing it. i know you got one there >> the hat is nearby we'll get to that in a second. we're here in cheyenne, wyoming. it is the state's capital. it is also looking to become the crypto capital of the country. one of the big reasons companies have been moving here, friendly regulation the state passed more than two dozen bills related to blockchain, the biggest one so far is aimed at quick approval for digital asset banks. crypto giant kraken was first company to get approval for that special bank charter here. the bank's ceo says that other states competed for their business and passed some similar bills. he says wyoming, though, seemed to be more committed >> so any other state can kind

of put the paper down, but will they continue to support the industry going forward that was important to us we didn't want to go another round peg, square hole >> reporter: as far as other draws, there is no personal income tax wyoming has abundant and cheap energy it has some of the country's biggest data centers here in wyoming. and cheyenne, specifically, including microsoft. i'm told the dry climate is good for storing those super computers. one issue, though, has been finding tech talent. we sat down with eric trobridge, he went to high school here, he left to work for apple in san francisco and new york he now runs a tech co-working space and a coding school downtown he describes it as a renaissance here driven by crypto. he calls it the wild west but in a good way >> what's really exciting is it is not about changing wyoming, it is going back to our dna.

being the digital pioneers, pioneers of open country in west and that's always part of our heritage what i'm excited about is now we're becoming these digital pioneers and really pushing the boundaries >> reporter: and, guys, while pioneering and innovation could be a good thing, it also might mean booms and busts we talked about that with people here as well they say, yes, crypto is big, bu they say yes crypto is big but as far as tech jobs they're trying to make sure there are other options in case we see another crypto winter. back to you. >> and kate, not long ago talked a lot about miami and the mayor's push to be the bitcoin and crypto hub but these days we hear more about wyoming and places like texas. i wonder how is this shaking out? what are some of the advantages? you talked about talent. does miami have the edge there >> it seems like talent is one of the big things they are competing on regulation is first, it seems.

wyoming has a couple dozen bills. other states have kind of slowly caught up with one or two bills. it's tech talent, taxes. that's another big thing that florida and texas competed on. but you've had individual mayors like the mayor of miami, the governor of texas, come out and say publicly we want to be a hub for crypto we want the companies coming here and regulation is a big part of that in wyoming in particular mining is about a big part. they have the mining infrastructure from the energy industry, oil and gas. it's hard to just build one of the facilities overnight you really have to have the existing infrastructure. that's something else that wyoming appears to be leaning into the final thing is banking some of the bank charters where companies like cracken can move, start a dlaj asset bank. and so far wyoming has the edge. although wyoming was the first state to have llc and overtaken by delaware. we see if other states try to catch up. >> great point a lot at play here, katieo kate, thank you so much.

and speaking of everyone wanting a piece of crypto. soccer superstar, lionel messi is partly paid in crypto following the highly publicized move to psgp read that story and others like it on cnbc.com we are back inusa me jt mont your family is on the move, so keep up with t-mobile - america's largest 5g network. with our new magenta max plan, you get unlimited premium data that can't slow you down based on how much smartphone data you use. and keep up with the hottest shows on the go because with magenta max, netflix is on us.

plus, new and existing customers can add lines to their family plan for 50% off! so get out there and with unlimited premium data, netflix on us and 50% off additional family lines. only at t-mobile. the leader in 5g do you have a life insurance

policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance.

what if we could actually settle the streaming wars debate once and for all we decided to try ahead of disney tonight our next guest says disney plus remains the unquestioned leader. but that you're probably undervaluing the warner media discovery offering joining us on the bull and bear cases in streaming is julie alexander, senior analyst and a good twitter at loud mouth julia. good morning. >> thank you for having me. >> we've talked for a while about disney as the perfect hedge between a reopening play and a stay-at-home play. let me ask you to tart, do you think tonight's print, do we trade on it as theater and park dynamic or disney plus streaming home dynamic >> i think it has added benefit of being both. i think if they add less subscribers than the 113, 115 million that we kind of expect, the point to the legacy operations being great, people going back to parks.

there is additional sports come back advertisement does well on the broadcast side and if any continue to post above what we expect, although i don't necessarily think that will happen they point to the streaming service doing exactly what they expected. >> where do you think the street is right now in terms of what kint of metrics we want out of disney plus? >> i think we want to see about 113 to 115 but where i'm coming in what we want with hulup disney plus is a niche for families as long as you have children it's a great offering. "star wars" and marvel fan, disney plus is great hulu is the general entertainment platform that creates a great value proposition for customers coming in we are seeing continued growth through the disney bundle, something the ceo and cfo both really emphasized in the last quarter. >> julia, you mention warner, discovery. and the potential there.

but when i think about that, i think about the difference between d.c. come iks and marvel, and just how bumbling that he was been with dcp we saw the suicide squad versus marvel. batman and superman, wonder woman, they can't seem to be consistent given they've been underachievers there, do they need to fix that to fulfill the thesis and how long do you think that would take >> i think the warner media proposition is the warner discovery proposition, the idea of two complimentary services coming together offer an unbeatable value for the space that being said marvels with kevin fihi at the head a decade of storytelling, creating a franchise that no matter what new installment comes in there is an engaged fan base d.c. ito is trying to figure that out i think it's an important distinction to look at the fact

that marvel has had an intertwined franchise from the beginning and created an overank fan base and dc is trying to find its place. the affinity is growing but needs to hit home with one or two movies that intertwine with one another. >> if they can pull it off i love that debate, julia. i wanted your take on the scarlet johansson disneyland back and forth where disney didn't come out looking good do you think chapek walks backs comments tonight and could have that complication implications for the box office with i recently signed the deal for the 45-day window exclusivity for next year? >> i don't think bob chapek will walk it back he will play the disney card, they are a home for talent, a home to create great content for consumers. also i think they will say they can't comment necessarily on ongoing matters. that being said, scarlet johansson is the latest domino

to fall, the biggest domino but far from the first we've seen the ongoing battle with the writers and s-bot space a couple of years ago. we hear about talent like john kraz ski and mark wahl rk behind the scenes undeniably the industry is shifting 45 days is perfect look at the box office for marvel, 96% of the movies made the shall did shall the movies made revenue 96% within the 45 days of release. there is a reason that number is happening. studios want to put in as long as they can and then take it back what will change going forward is that the contracts will be drawn up and negotiated will simply have the new normals in it and amc as a theatrical business will start to figure out how do we work in the guidelines but also offer new offerings, carrying ufc fights abconcerts,

clinging to a different type of experience. >> it's interesting, bakish at viacom centered in hon the 45-day window. we'll see what he says tonight chapek will be on with jim wrb "mad money." let's get to t"the half. thank, carl. welcome to the "halftime report"" front and center this hour, the state of play for stocks as the s&p nears the remarkable milestone. doubling from pandemic lows of last year, not far away. we debate the stocks doing best and worse over the period period of time. jenny harrington, josh brown, steve weiss and jon najarian, the co-founder of market rebellion.com. good to see everybody today. let's check the markets. stocks are mixed the dow lower by let's call it 100 or so, thereabouts, s&p a from a fractional winner nasdaq higher than expected. inflation read higher than