a part of the conversation eamon javers, thank you. before we go, another busy afternoon coming doordash, more, also fed minutes at 2:00 p.m. eastern and monitor the latest with ukraine. meantime, major averages all lower this morning s&p is down about three quarters of 1 percent that does it for us on "squawk on the street. "techcheck" starts now. ♪ good wednesday morning welcome to "techcheck. i'm carl quintanilla with deirdre bosa and jon fortt today, bookings up 59 year on year hearing from brian chesky about the quarter and reality check

roblox misses. shares down 24%. shopping for growth. shopify warns 2022 revenue won't rise as much as last year. stock down shopify's harley finkelstein is with us shortly. >> and dig into airbnb shares. edging higher on back of earnings topping wall street estimates. driving results, airbnb's average daily rates up 20% year over year. up 36% over two years. caught up last night with the ceo brian chesky he attributed this to inflation and told me rising inflation could be an opportunity to attract more hosts to the platform have a listen. >> the only other thing i'd say about inflation, hitting families and people around the world hard just like people were financially constrained in the 2008 economic crisis turned to hosting. an opportunity for many to

consider hosting. >> in miami as part of his own airbnb tour told me he plans on listing his own home to understand the supply side of the business better and platform also seeing increase in every length of stay nearly half nights booked on the platform are for one week or longer i asked him about some of the opportunities beyond the core, like, perhaps, fintech tools getting paid faster, saving on taxes, stay longer opportunities thinking about it and still massive. >> there are so many opportunities with the fintech space. one larger platform payment on internet home-grown payments platform managed $330 billion on our platform since we started. we have, like, homegrown features, pay less up front. allow with no interest for people to not pay 100% of

bookings up front. pay in installments. a lot of innovation that we'll build ourselves. >> so, guys, always ask chesky what's next? because power of the brand has remained the same throughout the pandemic even though they ran into trouble early on, and still i think 90% of business comes organically. they don't rely on search engines like googles for their business so much opportunity and hear thinking about fintech, already captures so much payment opens the field. jon, we'll talk to shopify shortly building out more and more tools for merchants idea, why couldn't airbnb as well limited as bookings rise and they expect another record quarter. >> makes sense deidre, talk about the metaverse? figures on metaverse real estate i just can't get

rent out your metaverse house? like, your universe house has an actual location. live next to snoop dogg you can actually smell the smoke wafting from there probably not in the metaverse. any point to -- how does value -- airbnb real valley, its stock up roblox, not as much. >> good point. why wouldn't it carry over real estate climbing and people staking out their claims certainly thinking about decentralization what he calls airbnb, decentralized way of living added strong people to the board as well thinking about these things didn't say specifically what he's going to be doing in the metaverse, because, hey, carl, looking look for them in the real world plenty to do there but, like i said lots of people to think about the next generation. how far off that is.

jon, surprised, metaverse question so early on in the show. >> right out of the gate not messing around metaverse. funny, too, di. >> a bunch of notes. deserve a double digital multiple, omicron a part of this particular quarter and perhaps gross numbers affected by that that clearly, those worries today are set aside abit. >> yeah. such a good question, because we always talk about airbnb in relation to hotels and otas. it's awarded a higher valuation than some of its rivals. the fear going into this it it benefited from the pandemic and coming out. can it keep up the numbers part of the claim living in airbnbs show investors, his guests and hosts you can live out of one, have the right technology and that will be the new way of traveling i don't no know, carl. more people coming back to the

office remains to be seen right now a good business and anticipating that to stay strong and for those longer stays to continue to hold up at these levels. >> yeah. also noticed the number of homes now that are listed that offer electric vehicle charging. 850,000 hosts offer ev charges as part of the deal. getting interesting. meanwhile, reality check on roblox this morning seeing shares plunging an the gaming platform posted a greater than expected loss in q4. joining us on "squawk on the street" pushing back on the idea of roblox as a pandemic story stock. >> we're actually glad that we're getting back to normal that affects our hours relative to daus, but the people we brought from covid are still with us and that number's

growing rapidly. >> jon, down 24. discussion what metaverse means to them and how long to count on user growth to offset longer-term play getting paid for that use. >> yeah. at this stage roblox is a game weary of companies especially newer issues with an expansive narrative, di, sometimes doesn't play out i remember gopro a media company. really, selling cameras. focused in on that and a little more on the value proposition versus the smartphone maybe would have positioned themselves better sooner. not sure ar the metaverse narrative. it's a game. right? a game my kids at 11 and 13 aren't really all that interested in. even them. that alone makes me somewhat skeptical. where's the broader ecosystem play, even outside of -- >> right. >> that particular experience. i think investors need to consider that. >> they've talked about it i remember even ahead of their

ipo talking about metaverse before it was in our mainstream lexicon. talking goinginto enterprise, learning as well i think one. important questions, carl, which you touched on on "squawk on the street," how are they monetizing it talked gift cards. when do they get into the advertising space and do so and have this safety bet, that they talked so much about jon, your kids -- ask you. i have a -year-old all about "mind krcraft. i know characters. zombie, pig man, my son would be proud to hear this on tv now a world extends outside of the game more characters that kids can latch on to. perhaps more opportunity to monetize not sure, carl. >> yeah. >> all i know is morgan stanley cut it a couple minutes ago to equal weight 65 target. prior view they would continue to growusers and bookings

outsizing rates through reopening. we were wrong, jon their words. >> and my kids do play "minecraft." very good character recall there, di. i'm impressed. i lined the enderbed can't look at him. like stock points in january look too hard at it you get very hurt meanwhile, get to another mover this morning shopify. stock sharply lower despite topping estimates for earnings and revenue expecting full year revenue growth in 2022 coming in lower than the 57% growth achieved in 2021 joining us now first on cnbc interview, shopify's president harry finkelstein. it is finkelstein, right >> it is glad to be here. >> just being sure first, let's back out and look at the guide, because interesting. you talk about q4, the growth being better than, say, q1

what are moving parts here when it comes to merchants coming on to the platform and even the macro ffects, say, of stimulus and that impact on the top >> jon, last time we spoke i had come on the show mentioned shopify was not just a pandemic success story but rather the company that helped merchants recover moving back to normal times up 57%, gmb more than $175 billion up 47% go back to years from first time i was on the show with you, just before the pandemic started. i think you'll see extraordinary things we tripled revenue since then. doubled gme since then and shopify nearly twice as big at 2019 levels. took 12 years to reach $1 billion annual revenue and three years later doing that or more every quarter. merchant perspective, nearly 600 shoppers played a purchase seven companies public that

started on shopify and stronger in terms of a team sort of level set, 24-2021 earnings and full year results doing really, really well. terms of expectations. >> yes. >> a couple thing important to note one that we don't expect more covid triggered acceleration ecommerce to happen first half of this year like last year. no more lockdowns. government stimuluses not having moving back to virtual reality that said, shopify is the ecommerce for shopping brands. >> notice interesting things you're doing, doing a lot as far as i'm concerned, but the most interesting thing is fulfillment. you talked a bit about that on "the call," how the strategy pans out investors need to pay attention. a lot of investment involved i contrast that with what peloton is doing

representing kind of a super sized version of what a lot of your merchants are trying to be. moving away from doing their own fulfillment. you are betting on it. perhaps mem reminiscent what am did in a previous era of investment where does shopify end up once built to where you plan for it to be? >> i'll speak about -- in a second, about pelpeloton we're trying to make it easy to build and scale a direct to consumer brand the fact those brands are becoming big and, are going public is a testament to that scale. whether shopify markets, trying to do default global, make every merchant and brand a global company from day one or balance, giving up more than $3 billion or shipping fulfillment make it simple and everything possible

fulfillment now is really difficult. the idea, dlieliver to 90% of te population we do it in a prototype phase, learn what we can, figure out use case, who is it best for how to better consolidate hubs we've ended up with operate more than ourselves doesn't mean not use partners. we will. unify them with our own soft wear and management software next three years investments expands and ultimately make it you don't worry about fulfillment. we take care of it for you. >> and when i think about this, such a huge ambition the fact amazon spent years and billions and billions of dollars doing so what investment will it take from your end? you have about $8 billion and cash equivalents working with partners, you said. does that eat into the margin? how do you see this playing out especially two-day fulfillment

amazon struggled with itself >> yeah. going to be certain parts. like the backbone, we're going to need to own ourselves that will take some money. we've been clear mentioned on earnings call today, we're going to spend money on that. beyond that in terms of spokes, original spokes, where we can leverage partners. again, one thing i think we've done really well is making the important things simple is we're able to use our core advantage which is building great software to make this really, really easy yes, it comes with a cost, of course remember, the relationship that shopify has more often with merchants is very different than a traditional software company millions of merchants on shopify not just ecommerce provider or physical retail provide perp also in cases ones lending money, helping with cash management, with fulfillment we want shopify to be the most important software merchants use and i think we're going that. >> flywheel talked earlier top of the show.

talk about apple privacy changes. a lot of your customers, right, in the d to c space et relied on tracking and targeting to reach customers. how have they been affected and what are the risks of google going the same route google biggest beneficiary of these it changes a partnership with google. how does that play out >> as your colleague jon said once upon the time, shopify kevin bacon of technology. a joke made, but it's true we're trying to do make it really easy for merchants to sell across any surface area online or offline. we're ensuring merchants do well, able to find new ways to connect with buyers. partnership with google, getting deeper tiktok, spotify, othery was merchants connect directly longer-term we expect merchants

to benefit from further embedding commerce right into surface areas, reas retargeting, places buyers opted in and you'll continue to see that from us see it everywhere you want, get it right from shopify. >> strategy question again, harley getting into arguments sometimes on twitter with people who want to tell me you guys don't compete with amazon. certainly you don't along every metric, and area, but i think you do in this key way which is -- who gets to be the best value proposition and the go-to technology and distribution provider for dtc right? amazon talks a lot about how much of its revenue is coming from third-party retail es you're going an that with fulfillment network and tools you talk about tell meics me, in 2022 and eve, what are the key differentiators making you most favorite partner

for that third-party retail? >> i know that people like to pit us against amazon and this david versus goliath story ultimately we believe in future of retail, about independent retailers selling direct to consumer not a fad. look at your favorite brands, jon. brand you buy from the most. presumably you're going right to bombbus or jim sharp or figs to buy the products not going to a centralized marketplace to do so we're seeing an important thing for consumers' favorite brand, they want a direct relationship. own thecustomer experience we enable this not to say somebody's larger marketplaces won't be around there's a place for amazon, for example, if you want something cheap, quick, fast, and it's some sort of commodity if you want to buy something, a great hoodie, a great pair of sneakers, you're not going to these marketplaces's you're going directly to the brands shopify making it easier for brands to reach the end consumer

across any surface most convenient you'll start seeing more and more consumers with wallets to support independent retail and why you see shopify's percentage of total retail increase over time more retail shipping towards this idea of direct to consumer. >> all right let's say that's a david versus goliath thing. good to hear there's a place for amazon as well and investors now understand your strategic direction and investment as well harley finkelstein, thank you. still to come, metaverse shares falling $100 just this month. more on that story in a bit. "techcheck" is just getting started. don't like surprises? [ watch vibrates ] proactive notifications from fidelity

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welcome back competition heating up between elected officials looking to make their states or cities the crypto capital joining us with highlights kate, talked to many a little more measured >> exactly a little more sober on the idea

of cryptocurrencies but spoke with a governor in the camp, state accepting cryptocurrency for taxes this summer. acknowledged volatility in crypto saying colorado is getting around it converting crypto immediately into dollars. colorado will not hold digital assets on the state's balance sheet. he does not own bitcoin. got to ask holdings. none for him buyer beware, though talked about potential for underlying tech. >> i don't advise speculation, you know, unless you have extra money and feel like gambling on what individual digital currencies will do, but the concept is sound concept is here to stay. decreased transaction, increased efficiency the way the whole world is going. >> there are at least 20 states now with crypto or block chain specific bills in the work texas, wyoming, colorado, of

course, florida, among the most vocal trying to attract block chain business and seen as some of the most hospitable h polis is hopeful competition between states could start action in d.c. >> only so much we can do in any state level, because we're all still subject to federal laws. but the more states have a forward-looking approach to this and i include wyoming, colorado and florida among them, that that pushes the federal government to create a more favorable ecosystem for crypto across our entire country. >> guys, talked about miami, new york city issues their own cryptocurrencies called city coins. polis said colorado's not going that far and really goes against the ethos of cryptocurrencies being free from government interventions. denver coin. for now floated idea block chain used in things like local elections. >> a city coin explain that a little more yeah exactly. goes against the ethos of being

centrally sort of managed, but what is the case that sort of miami and others are making? >> made the case it's an alternative to taxes a way to raise money so you could support your city by buying san francisco coin, denver coin. but miami coin is really the only one actually implemented and said it's a way to raise money. can fund things like education, but there are regulatory questions in terms of, like, polis said holding this on your balance sheet. talk about volatility. still doing business in dollars. the idea having a city coin and a cryptocurrency on your balance sheet is still an unknown. >> cryptocurrency that can go up and down not liable a stable coin interesting. you talked more about the, feels like a lot of action at state left not a lot of action at the federal level. how do they tie into each other? do we ever hear the federal government respond to what cities are doing >> interesting talked to a couple folks in d.c. about that i was curious.

the folks on capitol hill said for now more an stable coins, don't seem to be rising to the state level. xpemps exemptions on the banking side really only so much they can do on a state level really needs to be federal on the congressional side, the s senator from wyoming, crypto bill in the works drafting now we expect to get it at some point in 2022. what people are working at right now, stable coin. >> a p.r. pitch for company, come here while we figure it out. >> exactly tends to be florida, texas, colorado, wyoming, also in terms of business friendly in general. >> great stuff, kate see the full interview with governor polis on cryptoworld from the latest market trends to biggest names in the space watch weekdays at

cnbc.com/cryptoworld. talking alphabet after the break with the end of app tracking on android phones plus eluvexcsi sound from the cbo of google cloud. "techcheck" is back after this. ? yeah. the future is crunk! (laughs) anything else you wanna know? is the hype too much? am i ready? i can't tell you everything. but if you want to make history, you gotta call your own shots. we going to the league!

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welcome back to "techcheck." i'm carl quintanilla with deirdre bosa, jon fortt and julia boorstin google announcing new privacy measures further problematic for meta a first news update. >> what's happening at this hour retail sales shot up in january despite highest inflation in decades. sales grew nearly twice as much as expected. import prices jumped last month. 2% gain. largest in 11 years. u.s. manufacturing output on the rise even though vehicle

production fell for a second month in a row businesses, stocking up. inventories rose more than 2% in december retailer inventories up more than 4%. kraft heinz a big gain in the s&p 500. stock up more than 4% on strong quarterly results. the food giant saying it will continue raising prices to offset rising materials and transportation costs. and amc network shares selling off sharply despite quarterly earnings at more than doubled estimates. guidance mostly positive stock down 14% today still up 11% this year. that's the very latest deirdre, back to you. >> thank you. and google planning changes to increase user privacy android. following apple, such as meta and earnings since apple rold out ios changes in april last year apple and stock prices risen 27% and 1% and meta fell 30% wiping

out $300 billion in market cap alphabet saying remain in place a couple of years giving "substantial notice before making any changes." guys, be careful giving google too much credit for this in a far different position than apple. sort of took things into its own hand and rolled it out relatively quickly google, of ourse, main busines digital advertising and benefited a lot from the privacy changes. you can imagine some of the smaller rivals, ad tech companies claiming antitrust going to move slowly here. >> yes and reason why google is doing this is because they are under so much pressure from eu regulators in particular eu really pushing for more privacy oversight and google has to be so careful in terms of how they're doing this one hand, they have to address the privacy concerns on the other hand make it clear they're not favoring their own

system deidre, talking about this before apple and google making similar changes but very different types of companies google, of course,ic mas majority of revenue from advertising. apple all about selling those devices, and google is going to be under so much scrutiny now. why making this very slow, gradual process. >> huh julia julia, this has more to do with data available to those operating in google's ecosystem. right? not the data that google and alphabet have itself jp they have location data on everybody driving around they know where you live in the sense they know where you spend every night. they know, like what you're searching for on android phones. right? still going to know all of that stuff including what app you downloaded and are using >> yes look, what you're talking about, jon, value-first party data. i would say little as valuable as what someone is searching for on google.

giving you intent, serve them as directly related to that that's why google is in the c catbird seat and so much when it comes to digital after thing they're talking about identifiers that track you as you do different things on your phone. they're trying to protect users' privacy. just like apple gave option being able to opt out of that by some measures 80% of people took apple's offer of opting out of ad tracking. that makes it harder for companies to target you and serve you specific ads that will suit you also to measure the impact of those ads. google is talking about doing now is something very similar. they're saying give advertisers and give other platforms multiple years at least two years, to figure out alternatives to make sure they can still make their ads work for them. >> julia, i'm reminded of what laura martin of needham told us.

not in bed with apple your numbers are terrible the difference between google and facebook quarter and meta quarter. are in bed with apple, you're singing in the rain. could we say the same thing about alphabet >> well, alphabet is such a giant in so many ways not only largest market share of any ad players. apple is first facebook second. amazon now third i point out that alphabet and amazon have a massive amount of data what people are looking for and alphabet has biggest market share globally as far as phones. well over half the phones are android phones deirdre, you looked a the this question how to make sure not to take that really all about getting google and youtube into people's hand and make it something that becomes an anti- -- >> talked about apple 9 move reshaped digital ad landscape.

google the beneficiary it has to keep doing what it's doing. domination of the market and eventually regulators without having meta, right, to point to as easily as a market cap falls and gets hurt by competition fo feels to me of a i alphabet ande getting more powerful. talking first-party ad and cookies still most lucrative >> indeed. just think that in bed thing might be overstated. we might forget that eric schmidt had to leave apple's board in large part because of the whole android move apple is getting paid off that search, but i don't know how much datawise google is really getting out of it. from ads to enterprise i spoke with google cloud ceo thomas kurian for an update on

business earnings. cloud in a quarter grew 45% year over year with a backlog showing momentum and proving he can grow the business without doing m & a and he's not ruling that out either. >> more than half our team has joined since covid and we're very proud of the team we built, because we've added a lot of people we've shown the growth that all work together during the period of covid and both in introducing new products with velocity, building part shirr's ins we need and ecosystem and taking products direct in many, many countries around the world so we're very proud of what we've accomplished we've built a company in three years, for all intents and purposes. >> also asked kurian how a rising interest rate environment might affect the klcloud busines if it happening focused providing technology paying off

for customers more quickly. >> in an environment where interest rates, as you said, may go up, and financial projects, projects are assessed based and their financial viability, the most important thing is going to be how quickly can you deliver value to me? we're very focused on that and you see that you know whether that's in the retail and the work we're doing to make products easier to offer and understand customers better. the work we're doing in financial services, with wells fargo, to provide more value from their data. the work that we're doing in manufacturing with mitsubishi to enable their manufacturing systems to have digital to maintain and repair more efficiently. so many different things we're doing, but eventually comes down to, can you shift cloud to be a value creation excess for a company? and i think that's where we're

uniquely positioned both with our products, our history of innovation at google and our understanding of the ecosystem. >> a lot more where that came from watch the full interview on "techcheck's" quitter feed talked about also metaverse and web3 how google is playing it kurian said not big revenue yes. hopes it will grow de >> yeah. great interview, jon amazing to me to think google cloud still unprofitable but growing and becoming a bigger player. still to come on the show, an interview with ceo of crowdstrike and report on the state of cybersecurity as we continue to monitor developments on the ukrainian border. on the ukrainian border. more "techcheck" after this. ♪♪ ♪♪

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gut check on upstart stock up smashing wall street estimates. ai reporting triple digit growth in fourth quarter. sharing in a statement 2021 remembered at the year ai lending came to the forefront kicking off most impactful transformation of credit in decades. we'll arore moowhe mtorr when he joins us right here on "techcheck." dow still down 200 we're back in two minutes.

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you're a one-man stitchwork master. but your staffing plan needs to go up a size. 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 turn to the state of cybersecurity. crowdstrike releasing annual global threat report 82% boost in ramsome ware data leaks averages $6.1 million. despite need for security serv services they've seen a rocky start to the year so far joining us, ceo of crowdstrike

welcome. >> glad to be here. >> service attacks in ukraine last couple of days, talk about metrics in this report where are we essentially >> well, unfortunately, cybersecurity and the state of it continues to get worse each year, from an attack perspective, and we've called that out in our report when you look at some of the stats. 82% increase in ransomware related data theft and extortion. this is a, a key measure what we mean by that is, when organizations get hit by ransomware, not only do they have to pay for recovery of that data but actually extorted if they don't pay by the adversaries leaking this data on the internet essentially losing control of the situation. almost like a hostage crisis where hostages are injured until someone pays it's really problematic. we've seen that increase, companies have gotten better restoring backups, but

adversaries are continuing to evolve and this data leak is really impactful, because of the potential finds and government sanctions, fines, if critical information is leaked. >> right you say adversaries, state or non-state lines? the line so blurry, hard to tell the difference. >> it is blurred korea, state actor make a lot of money on ransomware attacks a great way a country under embargoes to get money out of the country. organizations like russia. a lot of the state-sponsored actors able to moonlight in the off hours and we see activity as part of the e-crime group. basically we break it do sbun three key areas are 0 adversaries group. we've seen activity on the rise in all three areas, one of the

problematic areas is that we've seen a lot of the nation-state techniques and their weaponry. actually move downstream into the e-crime world. that means e-crime actors know how to weaponize something that might have been created by a nation state actor maybe couldn't create it themselves know how to weaponize it and effective doing that, particularly in the ramsome ware area. >> and it's deirdre. seen more attacks on critical infrastructure do you think that will continue, and also over the last year or so we've heard about the end of sort of voluntary standards. the government trying to get private enterprise to tell them more, comply more. is that actually happening how can you tell >> well, i think when you look at critical infrastructure it is an area that we really need to pay attention to, and a lot ofi government oensz private owned, a quasi-government agency.

unfortunately, it's -- technologies tend to be older. older operating systems. things that aren't always patched because people don't want to update them for fear of causing an outage. when you look at pipeline attacks seen in the past, it really has given us indication how brittle and fragile our infrastructure and i can tell you from a government perspective, it has a lot of attention, and i think hopefully we're moving in the right direction with some of the recommendations and standards to upgrade those systems. >> george, you mention in the report that -- 62% of detections where malware-free meaning through previous breeches, hackers got access to stolen keys and then using them to open up outdated locks and walk right in. what's the baseline that that 62% is off of? how how do you expect it to go

and, you know, security updates and patching, is that the answer, or just more productivity on behalf, from the institutions, you know, getting hacked >> sure. let's break that down a minute when we talk about these intrusions, a lot of folks think it's just malware related. i get a bad file, click on it, link, something, it infects me that's part of it. just discussed, 62% don't actually use malware what are they using? taking advantage of vulnerables in email ervices, credential theft, stealing your user name and password and able to get on to a system and then blend in as a normal user. this is why zero trust in identity are so important, because in today's day and age, it's not just about stopping malware. crowdstrike we do a lot of that but also focus on identifying what we call living off the land blending in, looking like an

average user using tools on traditional operating systems and moving about laterally. really important now and what we're calling out here is the fact that zero trust not trusting anything in your environment. if you have a laptop, a work load in the cloud, a server, it has to its own armored syste and that's a big part of not only our strategy, but government strategy and it's a key way to help defend these attacks that we called out >> george, it's chilling every time we talk about it, but better to have eyes open and we certainly have help with your report thanks very much. >> thanks so much. we'll talk soon. >> paramount, formerly via com cbs down more than 20% this morning. we'll tell you why after the break. stay with us

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it's been a tough year to rebrand. you can just ask meta as shares of paramount formerly viacom cbs trade deeply, julia boorstin has more on those results. they packed in a lot of news last night, j.b. >> they did indeed, carl paramount beating on the top line and exceeding expectations in terms of streaming subscribers. the company raising its 2024 targetto 100 million streaming subs as it doubles down on streaming overall. they're making paramount plus the home for all paramount

movies for 2024 and bundling paramount+ with a showtoime app and it's increasing to $6 billion in 2024 to expand big franchises on to the streaming platform. >> we obviously had very materiel subscriber growth in 2021 we see very materiel growth in 2022 you can do the math. we said 65 to 75 million subs by 2024 when we met last year we raised that number to 100 million, and we did that because we'll cross the high end of the 75 million in 2022 >> but bank of america downgrading the stock today to neutral and lowering its price target, writing, quote, our prior bullish thesis was largely predicated on viac being a potential attractive target amid a wave of industry consolidation. it does not appear potential sale is imminent with have

acom's potential streaming aspirations. the neutral rating lowering its projections for the company saying they believe paramount will be challenged to grow earnings and cash flow saying they are, quote, ultimately limiting the company's ability to fully invest behind its streaming efforts. on its analyst notes, the stock plummeting today falling 21% and now the newly named paramount, viacom cbs is by the past 12 months with this new streaming focus. guys >> not a lot of confidence on wall street, julia, thank you. >> if you missed part of the show, don't forget to follow and subscribe wherever you download podcasts "tech check" is back in just a "tech check" is back in just a moment age before beauty? why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond.

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am i ready? i can't tell you everything. but if you want to make history, you gotta call your own shots. we going to the league! >> one more thing this morning and that's more rebranding at meta, this time in its corporate lingo, move fast and break things becomes move fast together facebookers are called metamates, meta, metamates me and a play on the slogan

shipmates me and so far year to date, and after 15 years the infamous news feed is no more. now just the feed which may remind you of this -- >> taking a page out of our book and it's not the only thing it shares with the show as well as the dysfunction behind the scenes, jon. >> it reminds me of a feeding trough, too. so much to eat content wise there on facebook, but d, we talk a lot and perhaps give meta a hard time. right around 2.15 where it is now, that's the pre-pandemic high from the stock in 2020. in perspective, shop ify's falln a lot, too >> what do you call you now? feedmate can we adopt our own lingo >> we're working on it >> yeah. a lot of interesting reports about the employee meeting at

meta yesterday as for tonight, it will be a banner night for earnings. we'll work our way through cisco, nvidia, doordash as we continue to work through a number of earnings reports today and not so many banner ones and still under pressure with shopify, roblox and wynn the halftime starts now. let's get to the judge. carl, thanks so much welcome to "the halftime report." i'm scott wapner front and center the eye of the storm. why one top wall street watcher says why stocks are there, we will debate the road ahead for your money, kari firestone, rob sechin and joe teranova, and pete najarian. nasdaq's down by about 1%, barely hanging on it 14,000. there is the russell ten-year note yield 204 wooe han