that caught some peoples enthusiasm in the last half hour or so. >> yeah. in addition to that, in terms of what's working in the market, outperforming is industrials, energy, materials. they are leading the way today that's going to do it for us on "squawk on the street. techcheck starts now ♪ good thursday morning. welcome to techcheck today, tim cook hates leaked memos. and more on the long wait times we're seeing for the new iphone. later, facebook fallout. the company's cto departs and we get clarity on their content and watch roku, that stock upgraded to a buy from gi

gugg guggenheim >> we start with apple and its epic battle. epic allowed users to pay it directly violating app store guidelines some thought the fortnite return to the app store would be imminent, but apple says epic is out until court appeals are complete tim sweeney said apple lied and called the decision another extraordinary anti-competitive move saying the appeal process could take five years. tim cook is upset with internal memos leaving the building saying people who leak confidential information do not belong here. we know thronknow that through d memo and iphone 13 demand, lead times are a week longer than last year in china, the ship dates for the

pro and pro max are at 32 days so a question here, is this a sign of increased demand or supply constraints julia, to me, it's notable that the lead time is longer, suggesting that either the supply is tighter or the demand is stronger at the highest end, the most expensive phones. often apple allocates a decent amount of supply to the high end at launch because you get more margin there you get more revenue there so this looks to me like there might be some demand strength certainly accounting for this. >> yes, it could be supply and demand causing those longer lead times. the apple versus epic battle notable how tim sweeney takes this battle to the public sphere tweeting every inch of the way at some point do you think it's worth it for him to compromise

and take a step back so he doesn't lose that five years of revenue from the ios store >> that was cramer's point this morning. the idea that maybe the tweets don't make him look good on his attempts on the appeal front meanwhile, julia, these reports that apple's going to give $1,000 to staff who were hired before march 31st and people who were hired after that date, $500, showing that even apple is not immune to some of the labor cru crunch >> certainly a labor crunch everywhere i hear about this so much, especially when it comes to the higher-end tech workers. people are getting paid so much right now just because those skills are in such high demand and i wonder, carl, if you think going forward there's going to be more of an investment in upscaling. we've been talking about this a lot. will more companies invest in their younger workers, make sure that workers can grow into the roles that they're trying to hire for

>> indeed, it's been a remarkable week of news for apple. interesting week on the hardware and software front >> not a great few weeks for people tweeting against power. brian armstrong and coinbase, you know, kind of hate tweeted the s.e.c. and pulled the product, now tim sweeney kind of lost on that app store section of the lawsuit still doesn't get back to the app store. tim cook doesn't tweet much. he's doing okay. >> he doesn't tweet much but his comments are still getting leaked out despite his best attempts at facebook, a top executive will leave his post next year becoming an adviser. he has been a close confident of zuckerberg and he does oversee the future growth drivers including the ai, virtual reality, augmented reality and

blockchain units andrew bosworth has been tapped as his replacement bosworth developed features including the news feed and messenger, both key to facebook. mark zuckerberg talking a lot about his interest in building the social platform into a metaverse company. this tap into bosworth shows a commitment to bos since he has been working on all the metaverse initiatives. several high-profile depart choours h have hatched this year interesting to see bosworth focus on hardware as well as the meta verse you have to wonder if this

indicates that facebook will be investing more in creating new devices. we had the new portals out last week and then we had those glasses that are capturing video and photos just the week before that >> didn't the glasses with the video and the glasses, wasn't there where bos was throwing pillows at zuckerberg and jack dorsey said it looks like fun throwing pillows at zuckerberg my take on this was different in that it seems like facebook's bench is still deep with people who have been there for more than a decade. and maybe this general, bos, is really just there also in this position because he can coordinate among facebook's many, many different properties, understands technologically what they need, infrastructure-wise and the data center, understands hardware that will be apparently on peoples faces and the software interface such as news feed that people use every day

he had such broad experience within the company coordinating, carl, all of the technical operations and technical personnel and vision perhaps that makes sense here. >> yep street's trying to reflect, jon, on the blog post about the ios updates. morgan stanley today says it is consistent with commentary from july earnings. they also point out that advertiser conversations are still largely consistent and constructive as large advertisers in particular continue to spend on fb even though near-term attribution challenges given fb still leading reach and the return on investment it sounds like morgan stanley's view is thatte eadvertisers will stick with them even through the chop >> advertisers will stick through them but it will be interesting to see what the ad growth numbers look like in the third quarter. we'll see if they give guidance about the fourth quarter carl, the question is how accurate is the targeting?

how accurate is the measurement of the targeting at the end of the day, even if facebook is underestimating how successful its ads are, which is the case here, it can be problematic if you don't know how well the ads are working this will be an area where facebook will have to invest so much time and resources to really get this right. this is crucial to the success of the ads >> unfortunately for facebook, they have a lot of resources, probably no more time than anyone else unless they invent a time machine for that. speaking of big tech names, microsoft breaking out its new lineup of surface products yesterday during this hour unveiling four new tablets, a laptop, folding phone and stylus microsoft's pc market share just 4.3% in the second quarter according to gartner, that's lagging hb, lenovo and apple, but is that the point? microsoft like facebook and amazon sells hardware primarily

to further other strategies at the company. facebook released new portal devices, those ray-ban smart glasses. they're trying to keep their users in the ecosystem amazon has the echos and tvs following a similar strategy microsoft has used the surface lineup to raise the bar for windows hardware, making sure that it's not just apple, guys, controlling the high end i remember about a decade ago when, carl, microsoft first launched the surface we were fresh off of netbooks, these trash laptops that were running these intel processors, those little weak processors that were bad chromebooks basically. microsoft was having to respond to that, trying to do like a pared down freer version of

windows. i think surface was part of this strategy to focus on the mid to high-end we're seeing that now. >> yep what was the -- i saw you did something -- what was your takeaway both sides >> both sides. has the surface been a success on the one hand, there's that low market share but on the other hand, hey, that healthy pc -- we can forget, people used to lose money -- the biggest pcmakers out there, hp and dell were losing money on pcs. >> yeah. but we have to remember that microsoft still is not even in the top six when it comes to those computermakers so really market share very small relatively speaking. also we now have to see what the latest is from apple when they unveil their next generation macbook. so a lot of competition in this

space. i still wonder, that surface is such a unique beast in this space. is there really a use case beyond the high-end? >> we'll find out. we want to hit roku. shares jumping this morning after guggenheim ups the stock to buy guggenheim expects the company to benefit from growth in the television ad marketplace. sees value in the international expansion predicting significant growth there by the end of the decade also a bit of a valuation call shares more than 30% off of their july 26th high one headline, jon, that got lost in the stream of streaming headlines this week were the comments at netflix that only about half of televisions are connected and their argument is that there's still a lot of space for streamers to grow. >> and this reminds me of that conversation with andy jassy just a few days ago where, you know, we're talking about the amazon televisions coming out.

yes, they will, of course, be connected. connected to alexa they'll play with netflix and the other services, but he also talked about other things like shopping that will be on these tvs. you can expect advertising will as well. how will that affect roku? how will that affect so many other players in this ecosystem? when amazon comes in and comes in strong often, but it doesn't always take out the competition. roku still strong. etsy still strong. stitch fix still strong. >> yeah. i really want to mention, jon, we missed this earlier, but roku announced its partners with shopify and will be allowing those shopify sellers to create ads inexpensively to show on roku this could be the next frontier of accessible video advertising for small and medium-sized businesses roku will make that happen with that shopify partnership that opens the door for roku to

act as a whole new range of advertisers and generate more growth >> another shopify wow. >> another shopify >> shopify is the kevin bacon of tech >> six degrees of shopify. >> yeah. >> i think the potential for the whole marketplace to grow in terms of the number of advertisers and talking about ad-supported video carl, apparently there's no limit to how much video people can watch and ad-supported means it's free. >> yes sometimes it adds up to more than 24 hours a day. guys, we have a major rally on our hands. dow is up 504. nasdaq up 1% anything above 4437 or so is above the s&p 50-day moving average. if you're looking to catch the next apple or amazon on the way up, our next guest says to target these moon shots. techcheck is just getting started.

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a check on crypto in the

middle of another volatile week. a lot of coins higher this morning but bitcoin and ether down about 7% since monday and facing more heat out of washington as president biden is expected to tap a crypto critic to help regulate the banks kayla tausche has more on that for us >> the white house is expected to name attorney and professor saule omarova to be controller of the cryptocurrency. it's a nomination that once it happens would potential i will have the impact on not only traditional banking infrastructure like jpmorgan as well as companies looking to offer financial services like facebook who is currently awaiting approval for its digital currency and who omarova described as monopolistic in writings in 2018 the professor suggested digital assets are not reflective of real growth and

may detract from it saying these crypto assets, digital tokens or bits of data representing some value can have such attenuated connection to productive reality. the administration hopes that the fact that she worked for the bush administration and also has experience as an attorney will pique gop interest, too. this nomination is expected to be made public in the coming days >> very interesting. also today we're expecting a chip summit. the white house pulling together some names in the semiconductor industry they want to understand more about the bottlenecks that we're seeing >> yeah. they've been trying to gather information on those bottlenecks for the better part of nine months at this point the department of commerce and national economic council are gathering some two dozen executives of big companies like apple, intel, bmw and trade

associations to try to understand more about the acute issues of supply and demand going on right at this moment. it is an information gathering exercise, yes, but it also seeks to promote the white house's support of the chip's act which the senate passed in june and provides about $52 billion in m manufacturing incentives the house is still waiting to take it up senior administration officials say there has been progress made behind the scenes even if we have not seen it to the naked eye. >> kayla, i'll take it kayla tausche at the white house. if you're looking to catch the next apple or amazon or alphabet on the way up, our next guest has 14 investing ideas, he calls them moon shots that could be the next major tech fran chi franchises joining us is jaim israel. we love this note. it's fascinating we'll get to some of the

categories here. 6g, carbon capture, electric vertical takeoff and landing what do these innovations have in common, if anything >> it's a pleasure to be here. what's relevant to those 14 moonshots, radical technologies which are under the radar and been developed and will change our lives. that's one category. the second category is we believe those 14 moonshots together are representing $6 trillion of market opportunity let's take theinternet before 2000 let's take the smartphone before 2007 try to understand the technologies that will change our lives that will have a need for them and are under the radar. >> you do point out the pace at which the themes are transforming businesses is blistering, surpassing experts forecast by decades, we tend to

think linearly 6g is in the clear lead. is that because it's the closest or is there something else going on >> it's because the need is the biggest and it is the closest. the interesting thing about those growth rates is that we don't understand how big the need is for 6g today we still are in the process of implementing 5g. most of the world does not have 5g right now the rate of growth we're seeing in accumulated data right now is just mind boggling we will be in a position very soon, in a couple years time, that 5g, before it is deployed, is not just enough so we believe the growth rate of 6g will be starting in the next couple of years. we're generating 2.5 quintillion bytes of data every day. this number is multiplying

itself every two to three years. during the coronavirus we all stayed at home and increased data traffic even more plus we have more applications that are consuming more and more data we don't understand that before the end of this decade, 5g just is not going to be enough. if that's the case, 6g will have to be deployed in probably three to four years. 5g will probably be the shortest lived g. it's fascinating the number one technology, 5g that everybody talked about, it's probably going to be the shortest lived technology out th there. >> i find this whole thing interesting. what is most interesting to me is you're looking for the next apple, the next tesla and the next alphabet. at the same time we're seeing those companies invest in this disruptive technology. how do you reconcile finding the upstarts, the companies that are the next ones of these while at the same time you have alphabet trying to invest to create them

themselves >> you are completely right. this comes because i think what the big tech companies are now understanding is that we're moving so fast that technology that we have today are just not going to be enough a couple of things that highlight your point the average life span on the s&p 500 back in the '60s used to be around 62 years. now we're talking about 15 to 12 years. so if the big companies are not going to invest today in the next big thing, they're just not going to be around anymore so i think those kinds of companies understand technology is changing very, very fast. in 2000, we do not understand that the internet will take such a big part of our life that was only 20 years ago we'll move much faster from

processing power, ai, big data analytics, all those tools allow us to move way faster. the big tech companies understand if they're not going to find the next big thing today there might be a case in a couple years time that it won't be there >> have you thought about the strategies and structures in companies that are going to be necessary to succeed in the future sometimes strategy can kind of eat technology for breakfast you think about apple's vertical integration and how different it would have been if they licensed ios out instead of building the whole iphone themselves. that's the whole ball game or look at qualcomm and its decision to become an arm licensee and do snap dragon and sell chips and not just do ip. have you thought about what strategies within those technologies will be keys to success in the future? >> we're moving towards data whoever controls data will control the world essentially

and will be able to develop more things there's a lot of different strategies you're so right that by moving a little bit to the left or the right you can miss the next big thing. if i could point out one strategy, the value chain of the data from the point of creation to the point of use, i think this is what everybody is aiming for right now. we usually used to say that, you know, if data was oil, probably the big tech companies or china u would be the next saudi arabia if you control data and you leverage it and you maintain it in-house, this is probably the next big thing going forward you can never give up your leverage on data >> it's 150 pages. anyone who gets ahold of it should read every page we could do a whole hour on some of these categories. appreciate your time very much >> pleasure.

grub huhubgrubhub, doordashr these businesses deliver food and misery to our next guest don't go anywhere. which saved investors over $1.5 billion last year. that's decision tech. only from fidelity.

let's reset on techcheck we are hanging on to gains dow is up 512. s&p up 1.25%, back to 4,450. green for the week and above the 50-day first a news update. >> good morning. here's what's happening. chinese authorities are warning local officials to prepare for the potential failure of ever evergrande the "wall street journal" says local government is, and state-owned enterprises are told to be prepared to take over evergrande properties. jobless claims rose for the second straight week

target a dialing back hiring for the holidays by 20%. the retailers wants existing workers to put in 5 million more hours during the holiday shopping season. that works out less than 20 hours per store employee. and the epa filed rules to reduce potent greenhouse gases for air conditions and refrigerators. those should be cut by 85% over the next 15 years. jon, back over to you. >> thank you. delivery apps, grubhub, doordash, uber our next guest says it's not just food they deliver but misery with us now with her latest piece is shara oveday. i just got back from vegas and the grocery shop conference. here's the counter argument to what you're saying i was surprised by how much the grocery industry is embracing

this delivery. albertson's told us the basket size for customersis three times that of the basket size for people who just shop in-store they view that as a huge opportunity if they can build margin with things like prepared foods. so, given that, don't the best of these delivery companies have a chance to deliver some value >> yeah. i definitely think there is some potential there. look at how these companies talk about it they talk about this sort of optimized future where the -- each individual order is large enough and the areas they're operating in, there's enough density of orders that people can do this ballet of efficient ordering that they can drop off ten orders in a single block and then everybody involved makes money including the grocer and the courier and everybody else involved in the transaction.

i think we've seen these sort of realtime or fast delivery services for many, many years. and technology does make them more efficient the thing that has not changed is the simple physics of a human on physical roadways taking a physical product from "a" to "b." there's only so much efficiency you can wring out of that system without everybody involved breaking financially or physically >> i see something else happening. there's been headlines that tony shue invested in ghost kitchens. doordash told me they have multiple restaurants, particularly during the pandemic that were launching new concepts in an old kitchen. so you have multiple restaurants operating out of a kitchen now they're doing alcohol delivery in 20 states and d.c., which has a higher margin and this double dash thing where arguably, to your point, you order groceries but you can also get a meal delivered from

another place at the same time if they're successful in that, it not only changes the basic efficiency of the old system, it kind of creates a new system for restaurants, doesn't it? >> i agree i think there's interesting things happening but i -- a couple questions come to mind about companies like doordash and layering services on top of one another and shifting away from third party restaurants to essentially their own kind of kitchens is that an implicit acknowledgement that the business models as they have existed don't really work? right? if you look at doordash, focusing its attention on non-restaurant kinds of transactions, well, what does that mean about the vast majority of the business that they and other food delivery companies are in today, which is, you know, taking a hamburger or a pizza order from an existing restaurant to a customer it also does take away some of

the value proposition, the community value proposition that companies like doordash have always pitched if they're basically saying we want more orders to come from these ghost kitchens, from restaurants that don't exist in the real world but are basically commissary kitchens, that means their promise of helping small businesses, helping the local burger joint on the corner stay afloat during this delivery world, it does take away from that particular pitch of companies like doordash. >> this was talked about earlier in the week and he was skeptical on the delivery as it pertained to grocers, because the grocery business is so classically low margin, he doesn't think they can pay for those delivery fees. maybe liquor works because mar j margins are fat but in other businesses not so much

>> i think the initial idea that delivery of anything anywhere will work. and i think the more nuanced explanation might be that delivery of some things in some parts of the world work. again, it has to be a high enough order volume or basket size on each order to make sense. the margin on delivering a $5 order of doritos and milk is different than delivering $100 worth of groceries delivering $100 of groceries is different in seoul, south korea or new york city than it is in a suburb of iowa city. so i think there has to be this more nuanced look at do these delivery services really work? does the uber for everything anywhere really work all of the time >> at the crux of your question

is concern for the worker and concern for the worker being underpaid and pushed to do more than is physically possible. to that i have two questions one is whether you think the worker shortage will force these companies to make concessions and do what's best for the workers in order to be able to lure them to work on theyir platforms? and looking at the proposed legislation, i know there's a vote in new york city tonight for the new york city council to provide more protection for these workers. will either of those two factors make a difference? >> it could be i'm curious to see those initiatives, workers organizing or workers having more power now that companies are scrambling to hire enough people to things about that one is the companies have tended to fight efforts to sort of regulate them either new york city or some other cities have imposed sort of fee caps on what restaurant food delivery apps

can charge restaurants and the companies have generally sued to stop those sort of commission caps. the other aspect of it, the worker empowerment aspect of it is these companies, i guess to their credit or to their detriment depending on your point of view have been extremely efficient and creative at capitalizing on widely available pools of labor and kind of continually finding new sources of relatively cheap workers. you know, the question is whether there's really a limit on that, particularly now that there's a shortage of available workers everywhere or whether they'll be able to continue to play that same game. >> yeah. a lot depending on those factors, both for the workers and for the businesses themselves shira, thank you business founder of the

year, that's what elizabeth holmes called herself. the reporter who broke that story next joins us. techcheck is back in two the internet wasn't built to be a place of walls. but then the walls went up and choice became limited. until now. now we're in a new digital landscape of emerging channels, data-driven campaigns and measurable outcomes. welcome to now - the new open web. powered by people-based software from viant - a new standard in media. the upgrade marketers deserve. viant. built for now. ♪♪

cnbc obtained thousands of text messages between theranos founder elizabeth holmes and her then boyfriend and cfo as that trial continues this week. the reporter behind the story has been in the courtroom every day of it and joins us this morning. some of the messages are a little strange what did we learn from those exchanges? >> that's right. i obtained thousands of text messages and skype messages from holmes that span the time of 2011 to 2016 when he left the company and they broke up. these text messages paint a picture of a very confident ceo who is very focused on the money that was flowing into theranos while internally employees were raising questions about whether this technology actually worked.

from 2014, elizabeth texted total confidence in myself best business person of the year in another text, elizabeth is boasting about the money coming in from her high profile investors. she texts sunny, rupert over 100. that refers to rupert murdoch who invested 1$125 million in theranos in another text message, elizabeth says mary meeker trying to convince me to stay private, says massive money and go and think bigger. she is referring to mary meeker the well-known venture capitalist i can't emphasize enough what you're seeing with these text messages is a confident, cool, ceo who is really focused on bringing in the money while there was questions being asked about if the technology even worked i have to add that i did reach out to attorneys for holmes and

for balwani and they had no comment. >> speaking of those who invested, there's former board member and u.s. defense secretary-general james mattis he talked about how he was blind-sided but added he didn't want to miss the opportunity what stood out to you? >> that's right. general james mattis testified yesterday. we were expecting him to testify. we certainly didn't think he would take the stand this early in the trial he walked in and jaws were dropping in the courtroom. i have to say, i've never seen the jury this attentive as they were to every word of his three-hour testimony he spoke about meeting elizabeth holmes he said she was articulate and committed. he questioned holmes about why pick me to be on your board. he had no background in science or health care then he finally testified that he grew disillusioned and disappointed with holmes and the company when they figured out

the technology simply wasn't what she said it would be. he also revealed he invested $85,000 of his own money into theranos >> fascinating it's definitely getting more and more detailed as we work our way further into the trial thank you. >> thanks. we told you yesterday about potential opportunities in china. today morgan stanley says they like these five tech stocks. find out which ones they are and subscribe today. that content available only on cnbc pro cnbc pro we're back in a minuteit differ. so it takes less fuel to bring people together... and make faraway places feel a little closer... with engines that power planes more efficiently. because seeing a better-connected world

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. a programming note here. techcheck will be live from the code conference next week. going on the road for the first time in a long time. a series of big interviews about investments and debates coming your way speakers include elon musk and satya nadella. all of that ar mdaonsttsony techcheck. we'll be right back. by treating them right. so we upped the benefits without upping the price. with magenta max, get our best plan for 5g. with unlimited premium data that can't slow down based on how much smartphone data you use. and taxes and fees are included! you won't get that from anyone else. right now, pay zero costs to switch!

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equities continue to rally here the dow's up almost 520. it's already been a very big week for ipos. as you know, toast and freshwork his good debuts yesterday. first restaurant software company toast's shares soared 55% after pricing above the expected range now a market cap north of $30 billion and as for freshworks we talked to the ceo. shares jumped 32% in their debut and a pretty interesting angle who saw a huge windfall from the exit alphabet took a stake through the investment arm which is now worth almost a billion dollars this is still a record year for ipos, but more than half are trading below their ipo price including aka brands which

debuted yesterday. oscar health, didi julia? >> in today's ipo news rem italy is debuting on the nasdaq with an estimated billion dollar valuation and compete with the likes of moneygram and western union. joining us is ceo matt oppenheimer. matt, very exciting news today you are growing quickly and nearly doubled your revenue in the first half of the year what's your plan for growth now? >> thanks very much for having us the long-term vision is transforming the lives of immigrants and their families by providing the most trusted financial services on the planet we do that in 135 countries primarily with remittances and the plan is to continue to serve customers in those countries and expand in new countries and widen our range of financial services that we can offer our customers over time.

>> no, i thought it was interesting that you expanded be beyond remittances with a banking services how is it going to become a one-stop shop for your users >> we are excited to launch passport book for immigrants and we are in the early days of the product and we are excited about the long-term potential about that product as wrel as we are only 1% of the global remittance market and a lot of ways to grow and serve customers around the globe. >> matt, interesting to me that you are focused on this market and on immigrants worldwide. we are talking to fintech companies that are trying to be the everything app for everyone and you are focused on a specific market. why? and how are the needs of the market you're focused on different from the broader market >> yeah. absolutely well, what's amazing is there are 280 million immigrants that live and work outside of the

country and we are proud to serve customers with the remittance services and there's a lot more complexity than meets the eye and we are proud to build peace of mind with the disbursement networks and the security and we've invested a lot in the systems and as we continue to grow we can do even more of that over time >> interesting we have seen a lot of comments from the business community. the chamber of commerce about trying to open the path on the legal immigration just to improve the labor force in this country and what's the read about whether or not that kind of legislation can actually become reality >> there's certainly always talk about legislation around immigration and immigrants and ultimately, what i come back to is the story of our customers and what's amazing is the sacrifices that they make, oftentimes to leave their close family to relatives to move to their own country and to build a

better life for themselves and for their families back home and what's amazing and so meaningful about this business is that we get to serve those customers each and every day >> and the interesting thing, though, is that your customers have traditionally gone with western union. i say that as a person working on that list western union is more widespread around the world how do you intend to compete is about luring over some of those customers are trying to get the next generation? >> yeah. what's amazing is they're still sent largely physical tax locations and so what customers can do on our platform is link their bank account and send money back home to 115 countries and have that money disbursed in a wide range of options whether it's bank deposit, mobile wallet and door to door activity and

what's exciting right now and what's incredibly important during a pandemic is that people need digital ways to get money back to their families and customers are looking for digital solutions to help them do that. >> certainly the pandemic is accelerating the shift to digital. matt, thanks for joining us today. >> speaking of digital solutions. we've got one for you if you missed part of the show. don't worry, catch it in full on the podcast and that's available where you download them. 'rba ia metoday. wee ckn mont

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one more thing remember this? >> developers, developers, developers, developer, developers, developers developers, developers yes! [ applause ] >> kind of hard to forget. now los angeles clippers owner and former microsoft ceo steve ballmer has a new obsession. take a listen. >> i'm not ashamed to admit that

i've become obsessive about toilets. toilets, toilets, toilets. >> almost got going at the clippers' new arena very pumped up about the development of the new toilet system which bill gates has also talked about in the past the need for that kind of clean water. >> he almost got flushed there he's always had that attitude, number two is never good enough. i must say this goal here is for one toilet for every 27 fans, julia. i think that's going to be very popular with women, in particular >> i don't know, john. i think that your number of toilet puns here is a little much for me, but i think this is all about getting people back to live events and i can pivot it back to the live event, and sporting, vents and nobody likes to wait in line, carl. >> by the way, guys, we're

hanging on to gains close to session price and anything above 44.37 and we'll find out if that's resistance or support tonight it will be costco, vail resorts and nike let's get to the judge and the half. >> carl, thanks so much. welcome to "the halftime report." i'm scott wapner the next move for your crimer, and does that mean it's okay to buy stocks again they are today which one should you buy our investment committee debating that question with me for the hour today, carrie firestone and jim lebenthal and pete najarian. another big move for stocks today. we've gotten back all of the losses of this week. dow was good for the highs of the day. the s&p 1 1/3 and the nasdaq is good for 1% and the russell 2000 having a pretty good