well, as we watch the broader market starting to sink a bit and we were down sharply at the very beginning of trading and came back rather sharply and now you can see, 0.4% is the loss on the s&p. that will do it for us on "squawk on the street. have a great weekend, everybody. "techcheck" starts now. happy friday welcome to "techcheck. i'm john fortt, carl has the morning off. nasdaq near the flat line after a short-line bounce. was this just a bounce for tech. later a rare downgrade for disney while parks and disney plus are in trouble finally a full retail sales

number could mean more pain for an already beaten down ecommerce trade. we have the names to target on the dip this hour maybe, d. >> maybe indeed. we'll start with the markets and the reason selloff in tech the nasdaq has been moving between gains and losses this morning. currently right on the flat line cloud and fintech still lower. dom chu has more it is all over the place >> there's a good amount of muscle memory, right, deidre, when it comes to the markets overall because we have been in such a long-term bull market that hasn't seen any real market pull back since the real pandemic started and ended back in the spring of 2020. if you look at the nasdaq, the reason why you're seeing a little bit of stability here but we have been moving off the highs of the session and you can see we're trying to hold this range that we've had over the last three or four months. if we, though, kind of break below that area, we're going to try to target those fall lows that we see here as a place for the nasdaq now, with regard to the

individual components within there taking a look at some of the sectors and industries within that broader trade and ecitnology you have to look at the semi conductors and the software stocks they are two very big components two ones that played out well over the past year and have gone in different directions just in the last couple months if you look at the white line. the igb etf that attracts the software side of things. look how steep that decline has been meanwhile the semi conductor etf has held up relatively well. meanwhile this particular software etf has pulled back way more than that and now kind of in that so-called at least correction phase, if you will. now, taking a look overall at some of the stocks that we want to keep an eye on today. each of these names. service now, lumen technologies, tesla and nvidia stocks hit by 5% or more in yesterday's trade. today they're all in the green servicenow is up by a percent.

big losses yesterday lumen up a percent and 1.5% gain for nvidia that semiconductor trade is big. the stock that everybody wants to watch right now is microsoft specifically because it has seen a pull back to a level that is now 12% roughly below the record highs that we saw just earlier this fall. so, it's entered that so-called correction phase that some traders like to allude to when there's a 10% pull back or more. what's important here is that microsoft at these levels, you have to go all the way back to october to see some of this same kind of price action here. so, if microsoft is one of those stocks that can hold up, it might indicate at least something, guys, with regard to that broader trade not just within software but technology overall, as well. >> very interesting, dom now, as you look beyond technology to some of the big movers today in the financial space, i mean, jpmorgan. those shares down 5% now on those lower than expected outlook. i'm wondering what you anticipate in terms of maybe

some movement from tech stocks into not just more value oriented tech stocks but other sectors entirely, especially as we get into earning season >> julia, an excellent point you brought up as you look over the past year some of the best performing part of the market has been on the value cyclical side of things. tended you better when the economy kind of gets full steam. with that we look to companies in the energy sector, right? energy was the best performing sector by a decent amount last year also handily the best performing sector year to date period yes, just two weeks into it, i know it. year to date moves 14%, 15% higher here and some of the stocks are energy, oil and gas and what not the interesting part about banks is over the last several years going into any particular earning season, it always seems as though there is a bit of a lull and a little bit of a pull back in some of those bank stocks as you get around that earning season time.

but whether or not that financial trade actually plays out to actually some more upside momentum this time around remains to be seen yes, it was a decent trade last year, but you wonder whether or not in a rising rate environment certain bank stocks are going to do better than others. you can see the divergence, julia, even just today wells fargo the way it does outperforming its targets and expectations versus jpmorgan on some of the lower outlook. even in financials, you have to look if it's the traditional lenders or capital market activity starts to pick up if things get more volatile down the line, as well. that's goldman sachs and morgan stanley. >> yeah, dom, this could be a fascinating earnings season this time around. now, turning to disney guggenheim downgrades from buy to neutral this morning. the firm warning about a slow down in profit growth and the company's direct to consumer and parts divisions. which they say is now below consensus through fiscal 2024. they do note, however, that

disney's plan to up content sending by as much as $8 billion in 2022 seems underappreciated today's losses have the stock turning negative on the year the stock is down over 4% right now. this comes as ubs also cuts its price target on netflix. they go from $720 to $690 saying although they believe net ads accelerated in q4, momentum is fa fading also pointing out that the industry is digesting growth from the pandemic. a hard start to 2022 for the streamers. count roku as another notable laggard. guys, this quarter as we look ahead to netflix earnings next week, it seems like the real battle is going to be over those international subscribers trying to lock in growth. and i think a lot of people are trying to figure out which of these subscription services they don't need i do anticipate we'll see more consolidation among these subscription players going forward, d >> go ahead, john. >> just wondering. big picture, julia

thinking about disney. how are they post iger we went through the pandemic period of parks being shut down and the kind of disney plus euphoria and how they were doing out of the gate. but there's -- what's the song we don't talk about bruno. that's become sort of a viral hit on tiktok, the song from "encanto" and they have the marvel mess they seemed to clean up a bit i don't know are they fundamentally strong right now, do you think, heading into what the next phase looks like >> well, look, i think we have to remember we talked about iger's departure but he has been ceo for two years now. nearly two years ago they announced the executive change but if you look at the two basic parts of the business impacted by the pandemic. streaming has benefitted they need to maintain momentum and then the parks, deidre, i

mean, the parks have really suffered but huge demand and it seems like they will eventually bounce back and there's just massive demand just a question of how expensive it is to manage that demand. >> that reopening part of the trade. john, i'm not happy about you putting that song back in my head we must have watched "encanto" 100 times. as we talk about streaming versus the parks, is disney a growth or a value stock? we know and we talk a ton about disney plus and how he transformed it into the growth stock. look at the p/e value before the pandemic it was 16 and now 38 versus 48 for netflix. over the last month it's been interesting to see how it has been trading, as well. almost on the flat line. little bit in positive territory versus the rest of tech which we know has sold off so much, john. so, interesting dynamic that will play out this year and how investors treat this name. yes, we talk about all the time, but julia mentioned parks is a big part of that reopening picture and perhaps value trade.

>> you said valutions alluded to and somewhere a tech check angel got its wings and with that we should turn back to the markets. the next guest pointing out since the start of the year high p/e stocks have taken a big hit. he expects low p/e stocks to leave the market higher in 2022. senior equity strategist patrick p palfry low stocks sometimes low p/e for a reason why is 2022 the reason to pay atte attention. >> certainly times you can get low and that's not really our focus here we're looking at what low p/e stocks and companies with greater economic sensitivity and benefit from rising inflation

and often trend at a discount. so what we're looking for is those stocks given those two characteristics to really lead in the year ahead because we have a big year expected for the economy. inflation is running hot and those companies often capture the prices and pass it on and get that new operating leverage. a couple reasons why they would but i think those are the two big reasons. >> what about, patrick, some of these growth stocks that have just gotten really hammered. we used to talk about zoom and how much it had soared it was up above 450 at one point. it is at 157 and change per share this morning new 52-week low. stitch fix similar so, if you believed in the fundamental story of these companies and i don't think in a lot of cases is reason to believe their thesis have completely fallen apart. at what point do you hunt for value there? >> well, i think you could start

looking for value there now. and i think it just depends on where the growth is coming from. a lot of these big secular names like some of the ones you mentioned experience tremendous growth at the start of the crisis as they benefitted from the environment that we were in, particularly people working from home it's not to say those stories aren't going to work on for it but it's important where is the profit trajectory for those companies over the next one to three to four years. right now investors are looking at other companies where the growth is available and then they're getting a valuation benefit there, as well, in terms of entry point and taking those opportunities and in areas like semis and in other sectors i think you need to find a growth and i think the valuation will eventually come through but look for the growth first. >> we talked about this earlier this week, patrick, some of the high-growth names that hold up better than others snowflake and datadog. what you're talking about possible to pick some winners within the higher growth area and not the baby with the bath

water, so to speak >> absolutely. i think a lot of people are painting this with a very broad brush and looking at valuation for a lot of companies and another potential option i think it just depends. if you're going through the selection process, pay attention to the fundamentals. pay attention to valuation but really focus on where that profits are going. >> yeah, patrick, right now we're looking on the screen at some of the tech top performers year to date looking ahead, what are the names or the subjectors that you would point to have the most potential right now? >> software is one of the areas that valuations are extremely high and the growth just isn't as good as what we've seen over the past couple years. that's why i think the problems arise. where i would encourage investors to look is within the semi space the growth remains very strong given the supply chain disruptions that we're experiencing and really propelling chip demand

everywhere on top of that, they pass group prices they can leverage their machinery, their equipment they have great operating leverage in that backdrop and an area that really works in this environment. hardware to a lesser degree, but i would focus on semis >> patrick palfrey from credit suisse, have a good weekend. a big miss this morning on retail sales what it could mean for the growth of ecommerce stocks courtney reagan is here. >> hi, d it was a big miss but economists and retail analysts are looking at this in different ways. total retail sales fell 1.9% in december from the month prior. much worse than expected but grew nearly 17% since last year jpmorgan economist daniel silver says, quote, the news from the past week including stronger inflation and downward revision to november retail sales was negative on the whole for real consumption in the fourth quarter. where jpmorgan analysts matt

boss said on cnbc earlier that it was, quote, actually the best holiday in nearly 20 years and the underlying tone is actually very robust. now, silver said the december sales dropped from november, quote, wasn't all a covid story because nonstore retail sales plunged 8.7% in december so, we weren't necessarily shifting from store to online. but retail analysts remind us that a decent amount of online holiday shopping was don earlier this year because of worries about shipping times and availability with the ongoing supply chain congestion. based on what we know from retailers and what shoppers have said in many surveys, that is. looking at the numbers compared to last year december nonstore retail sales grew nearly 11%, which some classify as impressive after the big online growth we saw last december. so, a number of different ways that you could read this report. and, of course, if you're

looking month over month, it's not necessarily an encouraging trend, john, for perhaps what is to come but if you look at the holiday sales or two months maybe altogether, perhaps it wasn't so bad. >> so, the take away seems to be, hey, there are all these warnings from you, of course, and others about what was happening in supply chain. hey, shop early from adobe and others we were hearing that is, indeed, what consumers are doing. black friday, cyber monday and not as big as they have been in the past and probably neither were those dates later in december so, when you look at the omni channel related numbers here when you look at the ecommerce related numbers, those were higher, too, were they not is this in a way encouraging for tech >> yeah, again so when you look at that month over month to your point, john, from november they did fall. the nonstore retail number which is largely, of course, ecommerce.

catalog sales are in there, too. not quite as big year over year they were up when you were looking at december and up double digits, which is actually about in line from where the season was projected to be. so, i don't think overall when i look at these year over year numbers that they were all that discouraging now that being said, of course, inflation plays a key point and is likely going to drag on our ability or maybe interest on spending on some of these discretionary categories going forward. so, i think you could look at this a couple different ways but i agree. i don't think it's totally discouraging for technology. and, again, because of some of the supply chain issues, there were many shoppers that ordered online and then picked up in store, which lowers the cost for the retailers of shipping that good, that final mile. because the consumers did the work >> yeah. natural retail federation big show happening in new york over the next few days. there will be a lot of talk about that

courtney, thanks still to come, upcoming changes to the nasdaq 100. plus why gaming could be a big growth driver for social stocks. "techcheck" is just getting started.

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comcast business. powering possibilities. time now for a "gut check" on peleton set to be dropped from the nasdaq replaced by old dominion freight line the volatile stock often either a top leader or laggard on the ndx today it is the biggest laggard, peloton that is down over 80% from the last year shares sinking once again this morning on that news julia, the market in a nutshell here peloton out and old value name in >> out with the new and in with the old? in other news, the week started with console game two take-two interactive buying zynga for a 64% premium.

since that deal zynga shares have soared and take-two 7% lower on concerns about the valuation of that purchase one reason that take-two is buying zynga because of its mobile game strength on social platforms and mobile and console games are a key driver of conversation, community and ad dollars. games on mobile devices are projected to go to 5.75 billion this year with an additional 2.6 billion going to ads in video game content this year twitter reports that q4 was its biggest quarter ever for gaming conversations with 2.4 billion tweets in 2021 about gaming. it is up 14% from the prior year and facebook tells us that more than 900 million people who play games, watch video game content or connect in gaming groups on facebook every month views on facebook gaming that is meta's version of twitch grew

47% last year while it grew 45%. now reddit also reports that gaming was its second highest viewed topic last year after only crypto. the social platforms want to keep that game content because ad dollars follow that install for games has been a reliable growth driver for the social platforms and this is an area that has drawn the attention of all the tech giants that's why amazon bought twitch and why google made a big push for its youtube gaming app john, the question really here is who is going to win this war or does everyone own a piece of it >> i'm questioning what the war is you know, we had ironsource on this week, d, and i'm fascinated with the idea of whoever has more data about not just what games are being downloaded but what games are liked by people who like other games what they are doing within those games and what their other interests are. that becomes really valuable not

just for advertising but also knowing what people will pay for. and i'm curious in whose strategy is the best whether it is about having console, pc and mobile games or about having access to data about all of that, not just within your own ecosystem but others, as well. >> all about the data. that's why i think you wonder if big tech is going to make further moves into the space, julia. i spoke to a source who was saying that with the take-two/zynga deal and the big tech and the threat factored large in those discussions but given all the regulatory pressures, can you grow organically or through m&a and netflix or amazon acquiring one of the gaming companies to push their foot hold in theic atual gaming or console side of things >> yeah, the more people spend time doing games, the question is, how do you keep them playing those games on your platform and collect all that data. it's all about the data, as you

said now speaking of social media few companies facing subpoenas into the investigation of january 6th attack on the capitol. committee is demanding records from alphabet, meta, formerly known as facebook, reddit and twitter relating to the spread of misinformation and efforts to overturn the 2020 election and foreign influence in the 2020 election chairman benny thompson saying in a statement that two key questions are how the spread of this information and violent extremism contributed to the january 6th attack and what steps, if any, social media companies took to prevent those platforms from being breeding grounds for radicalizing people for violence we have reached out to the four companies reddit and alphabet giving statements on how they're working with the company and twitter had a no comment my question here, is this time going to be different in terms of the scrutiny from capitol hill >> yeah.

i'm sure all three of us after covering this for years are a little skeptical that this time is going to be different perhaps we're alreadyas we speak getting more headlines on the regulation front the journal putting out a piece looking at how google misled publishers and advertising about the pricing and according to unredacted allegations in a lawsuit by state attorneys general, john. the headlines keep coming and stocks continue to not really move much in response to them. but, if we see capitol hill taking aim, once again, we see testimonies, it does eventually influence public perception. >> remember when we were talking so much about regulatory overhang and the impact on big tech and how much of a discount you had to factor in all of that and, oh, something is really going to happen this time i'm starting to wonder if on capitol hill they have a big tech pinata to hit and you hit it enough time and put it in your fund raising emails and the

candy comes out. you don't want to completely break all the pinatas. you just want to keep having them there you just want to keep having them there to hit, maybe we'll see. >> maybe it's not candy inside something more fair point as we head to break, guys. check out dogecoin we haven't checked on this one in a while but up 15% and it's higher after elon musk says tesla will accept the crypto for some purchases. coming up, don't miss the highlights from john's conversation with snowflake's ceo. "techcheck" is back in twomy fal add a fourth: be curious. be curious about the world around us, and then go. go with an open heart, and you will find inspiration anew.

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resetting near the bottom of the hour deirdre bosa with john fortt and julia boorstin how to play that beat-up tech trade in a moment but first time for a news update. rahel solomon has that update.

>> here's what's happening at this hour. financials playing heavily on stocks following disappointing quarterly results from some of the banks this morning jpmorgan the biggest loser in the s&p 500. faces a couple years below target returns and quarterly results did top estimates. citi down on higher expenses and weakness at its consumer banking unit and wells fargo with a 4% gain top and bottom results blackrock down more than 2% and assets under management topped $10 trillion cementing its spot as the largest money manager. rising inflation concerns have pushed consumer sentiment back down the early january number is the second lowest in a decade. december retail sales were also down far more than expected. they fell nearly 2% as americans really struggled with shortages and higher prices. and manufacturing output also posted a surprise decline in

september. the drop in auto plant production offsetting efforts to restock lean inventories in other sectors. you're now up to date. julia, i'll send it back to you. >> thanks, rahel. the nasdaq is back in the red right now. we've talked about relative valuations within tech today but how about valuations over time after yesterday's sharp downturn for stocks, mike san ttoli is looking at the nasdaq performance in the last five years. >> the nasdaq 500 has been at the point of the sphere in the expansion of valuations in the market overall still well above prepandemic levels in terms of nasdaq 100 forward price earnings ratio, for example. we got up to 30. it was around low 20s before that and now down to 27. this is a two-year chart and shows you a little bit of a significant point in this thing. if you go to around the election, the 2020 election. that is basically your line. you can connect all those different lows all the different pull backs

more or less gather themselves up around that level some technical analysts are pointing out that it is around the 150-day moving average not a very commonly watched thing. but the point being, there has been a steady uptrend and we're testing it right now it hasn't lost at all. if, in fact, a longer term valuation adjustment and a com complete reverse and more to go. if not we're at a higher level of valuation for the higher quality businesses and the overall stock market and negative yields or all the rest and maybe things can get their footing before that happens. i also want to point out that is the covid crash there and you also had a period from september to january september of 2020 to january of 2021 and beyond where, you know, the nasdaq 100 didn't do a whole lot. we'll see if this is just another kind of step back to let the rest of the market come to the floor or if it's a little more of a conquential decline in this leading area, guys. >> mike, historically, how long

do these tests usually take to proctor? >> i don't know if there's a real good rule on that i would say multiple weeks it would be a typical way that a routine pull back/correction would really play out. difficult to say if that's all we're in right now that's part of the tricky part is that, you know, a correction looks a whole lot like the beginning of a bear market you know so, its arer not as if there is a way to say we can set the clock on it. but i would say multiple weeks, high-single digit declines has been just about the rule at least for the last year and a half, two years. >> mike, i was talking with dan a frequent guest on live stream earlier this week about the nasdaq's fall and he was sort of making a similar argument but saying that based on history and he looked all the way back to the dotcom boom that we could see the nasdaq drop 20% plus or more but the competition was much different back then i think that's important to know when we talk about the high-growth companies, they're real companies with real

earnings even if that's further off in the future. >> exactly now, they were certainly, if you looked at the top five in the nasdaq back at the peak in the year 2000 also real companies. we're talking about microsoft, intel, cisco and such. but they were just valued so much more highly i don't, the most expensive of the big ones right now are amazon based on earnings and pretty much all the nasdaq stocks were above 50 times back then which is where amazon roughly is certain difference in terms of the level of maturity and at least arguably the level of predictability but another factor here is we had another situation where the market as a whole became very concentrated we know that earnings are concentrated and revenues are concentrated and stock market wanings very concentrated no drawing a line when that is over because apple and microsoft are more than 13% of the s&p right now. nothing says they have to stay at that big. >> i wonder how crypto plays

into all of that as we forge ahead, mike, thank you i spoke with snowflake ceo frank slootman ahead of next week's release of his newest book "amp it up. among the things frank and i discussed, digital transformation has become a bit of a cliche, but one conversation he had with the ceo of a big insurance company crystalizes how the shift is under way. >> i remember i had kara conversation with the ceo of g geico and he didn't want to hear anything about architecture and all these sorts of things. he said, look, in florida we have maybe higher bodily injury claims than neighboring states a, how do i explain that b, once i can explain it can i predict it so i can change pricing? that's really what data and software is going to do, right

it's all light speed and no longer creating dashboards from people eyeballing data and deciding if it means something to them. >> little shade maybe at the dashboard crowd there. snowflake revenue more than doubled in the most recent quarter year over year reflecting that shift. slootman's book offers principles to bring three companies domain julia. >> well, what i think is so interesting here is what he is describing the idea to be able to understand data and make it really work for you and make industries just dramatically more efficient that's really what this technological revolution has been about if you look at how we're seeing all the old industries such as insurance really embrace machine learning, ai, deirdre he's making a good argument for machine learning >> we've seen a proliferation of these so-called enterprise ai or data analytics companies come public in the last few years

snowflake probably one of the most successful and unity, and not unity, excuse me ui path and a few others in the space and differing performances but all there to sort of serve that thought that slootman gets into that every industry sort of needs that to back up their thesis and their fundamentals. how they're going to operate >> yep different buckets for sure >> every industry needs to become a tech industry >> one other name to check as we go to break. that's sirius xm getting a downgrade. the stock is currently the second biggest laggard on the ndx. don't go away, we're back right after this short break

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welcome back the street boosting apple this morning. piper sandler naming, quote, a place to hide in the current market environment citing 5g adoption and wearables growth. plus luke capital joining jpmorgan and bofa giving the stock a street target of 110 anticipating iphone growth in

2022 and that potential work from home wind downs could lead to a sales regression. dee, i'm old enough to remember the great iphone order cut scare of, oh, it was just 2021 where supposedly demand for iphones was lagging and everybody was supposed to worry and then somewhere along the line it hit a $3 trillion market cap and now everybody's excited again. >> that 3t you know, he likes that legacy trade that we talked a lot about over the last few weeks. hp and ibm captured a little benefit from covid limited risk of give back. but i mean, julia, limited risk of give back as you take a look at a chart of ibm over the last five years or so, not much to give pack. it was at 133 back in 2010 to john's point, are these sort of trades? what is your time horizon of investing. but, yes, that $3 trillion hard to move up from there although we said that at $1 trillion and $2 trillion.

>> yeah, for apple i guess the question is, what is the next leg of growth. on one hand you have the supply chain issues abating so those risks are being minimized going forward. and then also you know pipeler sandler points to the other growth areas saying that apple is going to be a big player in the health space and the auto space and, of course, i have been talking about how apple will introduce an augmented reality headset glasses at the end of this year and early next, dee. it's for apple, can they maintain that pace of growth with all these new fields they're moving in to >> we saw some headlines this morning and that headset might be delayed we'll watch that one for sure. do you still think the office is dead google disagrees it is spending another billion dollars to expand its london footprint. read more at cnbc.com. "techcheck" is back right after this

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today. jpmorgan topping estimates but lowering guidance. citi beating revenue estimates but showing a decrease in profits. so, john, as we take a look at those stocks, jpmorgan chase up 5.5% first republic down over 5%. looks like wellsfargo is the one winner there up 3% >> times change. after the break, a former spacex employee speaks out about the company culture which she is sexism join us next on her experience working at an elon musk company. we're back in two.

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comcast business. powering possibilities. welcome back microsoft pledging new transparency on sexual ha harassment and gender discrimination the company will hire a new law firm that has never done work for microsoft in the past to independently review its policies shareholders passed a resolution during the company's 2021 annual meeting calling on microsoft to review its policies after a report that bill gates had acted inappropriately toward employees during his tenure at the company. gates left microsoft's board in 2020 the review will culminate in a public report to be released this spring. microsoft says it will include findings of any investigations into specific harassment allegations, including those against gates, dee. well, speaking of company culture, john. the next guest spotted the

spotlight on her former employer, spacex subsequent investigations from cnbc, "new york times" found other cnbc, the new york times found similar allegations including one who filed a lawsuit against the company in 2020. let's bring in the author about the piece, ashley kosek. ashley, thank you so much for coming on to talk about this why don't you first lay out your experience what you found at spacex >> yeah. definitely thank you so much for having me on i really appreciate it overall, my experience was -- i was just working hard to, you know, push forward what i believed in and what are my core values and i've always been an advocate for women in s.t.e.m. and this was a practice in believing in values and

understanding that >> how was that received, your complaints this does come as a surprise into spacex because of the coo gwen chatwell. what was the response there? >> there were some responses throughout the company out of, you know, the hundred of people that came out and give me support about 80 came from spacex it's important to note 25 of those people also shared my experience at the company. so i am proud they could -- i'm proud they could give them the opportunity to come forward and sort of, like, just have someone who understood what they'd gone through. >> ashley, do you think about your experience at spacex, do you think there are specific things that the company could have done to have a more inclusive, less toxic culture in terms of your experience because i'm just thinking about this in terms of other companies who are watching the situation and traying to reflect on their

own policies >> yeah. definitely i don't think that i can say that i have, like, any sort of, like, one size fit all solution for this problem at this point, but i think, you know, if you're looking for one, i think i encourage you to start looking internally and listening to the people at your company and listening to what they've gone through. that's the best place to start >> ashley, in your view several weeks ago, elon musk described spacex saying this place is basically like a technology monastery, you know. there are some women here, but not many and it's remote what i think of monastery is i don't think of harassment and so to me, especially given the fact that tesla had also had some accusations of sexual harassment back in the 2017 timeframe it seems strange to me that he described it that way. what was your reaction to that

description if you heard it and what about the culture do you think failed to deal with the issues that you experienced? >> yeah. i think, you know, when it comes to topics like this and especially discussing a diverse work environment, i think encouraging the opinions and ideas of people who come from underrepresented group is always what's going to give you a leading edge and by quickly dismissing the ideas of people who have learned to use their voices strategically and spoke when they have something major to say and you miss out on major opportunities for the company and dull the edge of what you sharpened. >> you left spacex for apple, is that right do you talk to other women who are at spacex and looking for different opportunities and we talk about the silicon valley culture. do you think that is infiltrating the space as well

now? >> yeah. i've definitely been able to speak with a lot of different women about this experience. i -- yeah, my plan moving forward is continue working with schools, colleges and summer s.t.e.m. camps and basically keep going on panels and overall i've partnered with dan hock who is the principal scientist of the planetary defense group, and so we'll be developing the future of space exploration and that's my plan moving forward. >> we appreciate you coming on to chat about your experiences thank you. we'll track what you'll do next. cnbc has reached out to spacex repeatedly since the piece was published back in december and once again, spacex has not responded, julia >> if you missed part of the show don't forget to follow and subscribe to our podcast listen any time, anywhere wherever you download podcasts the nasdaq is back ithgrn

d eccheck" is back in a moment

your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >> as we head into the final few minutes of "tech check," the nasdaq is just ticking into positive territory

up 0.1%. it had been flipping around from black to red throughout the morning as we recover from a pretty rough start to the year >> a lot of day to go, though. one more thing before we do go for "tech check," too long didn't read doesn't apply to a website's term of service. it is the name of a new bipartisan bill aiming to take those agreements known as to make them more apparent. the legislation would resquare mobile apps and select sites to break down the terms of service. those summaries would include the type of data being collected and an explanation of how that information is shared and more it comes as the house committee investigating the january 6th riots, subpoenas, twitter, reddit, meta for more information on the effort to overturn the 2020 election the tldr act itself is nine pages long. >> too long! >> there is a one-pager -- there

is a one-pager, julia that i was able to skim >> i mean, talk about a topic that can get bipartisan support. there are a few things that everyone can agree upon and everyone can agree on. maybe robocalls, but i feel like it's low-hanging fruit when it comes to reining in the tech giants. >> i wonder if we can get an tldr for every aspect of life, and ironic it was nine pages and they didn't have a tldr for the actual act the nasdaq just hanging on just barely to positive earnings and starting in full and next week, julia, we have netflix onboard and tech earnings will take off and it will be an interesting quarter to see the pull forward effect and how the markets will respond. >> everyone is going to be watching guidance, john. the question is what to expect for the rest of the year >> indeed, but for now i'm watching the semiconductors. some names continuing to have a

good close to the week lam research is up 4.5% at the moment and marvel up a little bit more than four applied materials better than 3.5. qualcomm up three. so those names we've been talking about the difference in software performance versus chips that continues and with that, let's get to the half and the judge. ♪ all right, judge welcome to "the halftime report." the tumultuous week for your money and where we learned where your stocks might head next. the investment committee here to debate the road ahead. joining me for the hour on this friday, degas wright, shannon saccocia, and jon najarian co-founder of market rebellion.com. it's virtually flat on the session. watching the dow today, too. 35,8