talking this week. fed-ex and nike i believe come on the same day. we will see if that's the case as well as the fed as well. >> both are down 2%, meantime, right now. guy,, i hope you have a great weekend. that will do it for us here for "squawk on the street" "tech check" starts now. ♪ >> good friday morning welcome to "tech check "today stocks try to rally headlines out of europe continue to move stocks we have a look at what sectors in tech may be recovering first. plus the more things change, the more they stay the same. liveian and docusign try to coninvestors the hardest days

are behind them and fears of chinese delisting. the future for some huge stocks within the chinese internet sector. >> we will start with the markets, the nasdaq has looks on this week. was that the case for every little piece of tech dom chu is looking under the surface at a few moves worth noting dom. >> the thing is when it comes to the nasdaq composite or nasdaq 100, there are a different times of companies in there, not just ones domiciled here. we will get to that trade in a moment take a look at that qqq trust from invesco this move we seen over the last couple months here the reason it's important is this general level right now represents just about where the nasdaq 100 mini markets nor in general were at the day before the first day of russia's invasion of ukraine. as we talk about the kind of

gyrations we've seen over the last couple of weeks here, on balance, we have seen a move back to basically where we were that wednesday close on the 23rd, before the invasion on the first day on the 24th. that's something to watch overall. with regard to sectors on the move, if you focus on technology, communication services, the ones that make up the billulk overall, they have under performing the last week s&p is down 1 and a third percent. and technology is down 2%. that tech trade is certainly a key focus. as for the parts that are catching a lot of investor's eyes right now with regard to the near and maybe longer-term trends at play, chinese internet, because many of the biggest chinese internet stocks are a part of that index jd.com, there was an earnings growth concern there playing part of that story the crane shares csi china etf

internet, jd down. pin duo 21% and this is down 16% just in one week that's not working what is working is solar energy alternative energy, all of that given the recent focus on oil prices and their escalation enphase energy up 10%. solar energy up 9% one of the ecotrick i tickers up 9% as well there are certainly themes developing here. again, it's ail amidst a macro-backdrop of that war in ukraine with russia. that's going to drive a lot of the sentiment at least in the near term. >> dom, i'm glad you point out something that is working. there is not in terms of the tech sector. secretary that isn't going as badly i suppose you could say is big tech seems to mask some of the moves behind the momentum names in the chinese stocks you outlined. >> so what's curious about that,

there might be more fundamental am reasons why that drive in trade. right? i look specifically at the trillion-dollar club you look at apple, alphabet, microsoft, amazon. apple has been an under performer over the past week so there hasn't been a massive bid for it despite the fact there was a catalyst in an event that introduce mu products alphabet is fractionally higher on the week. amazon is the real standout. have you an amazon and apple barbelling out the side of things different performance from microsoft and alphabet that going to be the curious trade that plays out, whether or not there could be a continued safe haven bid for these big tech stocks in times of turmoil. we seen in years past, those big-time trades, specifically apple people look for when things get dicey with geopolitical concerns as well. >> it feels like we're at an interesting spot i am looking at tech stocks that i track and who is up

year-to-date not many names even power when i x-out who is in the process of getting acquired or ticketed up by private equity i'm trying to find some kind of trend there in who is surviving this better than others, palo alto networks doing okay year-to-date just about flat, for example. it's an exception to the rule. >> cyber security was going to be 21 of those more fundamental drivers, right there has been an intense focus given ukraine, russia, a threat of cyber war that escalates. that's one part of the story if you look at it even before the russia conflict really got going in terms of anticipation, when troops were en masseing on the border, going back to the early mid-part of february, there was already a concern that rising interest rates will have a huge valuation hit for some of these types of growth oriented tech stocks. so that's in play as well. given the fact we have the federal reserve meeting possibly live to go with a rate increase

in the next week or so that kind of puts that lot of that tech in focus again. this notion is even if you get rid of tensions with ukraine and russia, there is a concern that rising rates will put a davorening effect on must millions on these tech stocks in the future whether they go 25, 50, how many they do this year, that will all be big, john >> we will cover it every step of the way thanks speaking of big moves, let's get to docusign. another big post-earnings drop taking out pandemic-led gains. you see it there down more than 20% today. we had ceo dan springer in the last quarter, they missed on lower guidance, he pointed to generate new demand, gave a time frame to get breathe back on track. >> we think this is an h-1, h-2 story. so for h-2, we 45d lower billing in q3 and guided to our initial goals we had previously for q4

that's the time frame we think we will be able to right that activity and be back to where we were in the prior years. >> docusign did beat on the top and bottom lines for the fourth quarter. but guidance for the full year coming in weaker an expected it's taking longer to get on track. crowdstrike examples of stocks that roz after posting results, even these gains down on the year as mentioning other pandemic winners like oksana down 50% in 2022. >> john, it's wild to see that chart of docusign and we've seen it with so many other names. but that rounded trip that isn't a round-trip what was it about 8% below the start of the pandemic, which assumes nothing has changed in the last two years, we haven't seen this incredible transformation, which just tell us you that we don't know where valuations are going to settle programs these were overpriced before the pandemic and that really is not a lot for

investors to go on the they're trying to find a bottom. >> or maybe they were correctly priced in wry ay or a risk it's interesting, where do we assume these stocks are fairly valued or correct in price just because it's down from where it was, doesn't mean it wasn't awfully ambitious there you look at something like rivian, which we're going to talk about and i'm sure. what were you supposed to do with na? >> yeah. let's go there right now we will stay with the theme of stocks that aren't working john mentioned shares falling as the company says supply chain issues are going to keep a tap on production. our phil lebeau has more on the quarter. break this one down for us not exactly that same pandemic story. but again, more than a round-trip from the ipo price. >> yeah, it's below 50% what the ipo initial price was. it started at 78

where are they at now? 38 it's all about the production. it's all about the fwieguidancer 2022 they were talking about a wider than expected loss look, they're only going to be making 25,000 vehicles this year that's their guidance. most were expected 37 or 40,000 and their capacity is for 50,000 vehicles the reason, the supply chain they are just being hit in a number of areas. it's not across the board, it's in some key areas. those are the semi conductors, wiring harnesses and electronics and it's going to take some time for them to slowly ramp up production how are they dealing with their supply chain woes? here is ceo from the conference call last night, rj scaringe >> i am doing it in close partnerships, as we source these, with rebasically making sure this doesn't happen again, the way we are setting up the

contracts, the way we are negotiating pricing, the way we are negotiating the purchase process, we're ensuring that things that we previously treated as more of a commodity we now treat as a strategic sourcing agreement >> and the area where they expect to be squeezed the most in terms of the shortage for semi conductors will be in the back half of this year so that's why they brought down their guidance in terms of reservations, remember, they had the whole pricing issue, the snafu, whatever you want to call it, where they raised prices 17-to-20% for those who have already placed an order and those cocanceled, they ultimately said, we will walk it back, go with the original price. about half of those people who canceled orders when the price went up, ultimately reinstated their order, keep in mind, that price increase, that goes through for all future orders. they do need to raise prices because of what they're seeing with the commodity costs out there and continue to soar >> half did, half didn't

that's not so good i wonder about that comment on treating things that they had been treating as commodities as strategic sourcing agreements. given that they're not at volume yet, how much leverage do they really have to do that also, that i don't have the brand name hoff a tesla, they don't have the elon musk sort of bully pull 'it to be able to do what happens who tesla was able to do with suppliers so successfully over the last couple years should investors take what rivian is saying components at face value, they're changing everything and it's better from here on out? >> well, i think you have to tike it at face value. the other thing you have to keep in my opinion, who is the one of the key owners amazon when amazon is on board, that's a big isic in your corner when are you dealing with future contracts. that doesn't mean that they bring amazon to the table when they're negotiating. this is not just another startup that does not have big

commitment and big reservations. they've got some substantial ones the issue right now is production and ramping up that production so if they can get through this next year, year and-a-half, however long it takes, then you are looking at a company that potentially, potentially, could be quite a player when it comes to electric vehicles we have a long ways from there right now. >> phil, i have questions getting through the next year, year and-a-half, rivian raised $12 billion in the ipo that's a lot of money. but they will need more, tesla raised what 20 billion in a year the thought was they could use potentially a surging stock price, investor enthusiasm to raise more capital in the markets, but the lower the stock stinks, the more difficult that is where are they getting more capital? how much do they need to ramp up manufacturing? >> well, that's already. they've got the commitment for that i this i that i said 18.4 billion in terms of cash on hand they're ork, liquidity wise for

the time being they expect to lose $4.75 billion this year. there is not a need for capital immediately. they've got the commitments in place and they've got the funding in place for that plant in georgia you take that plant. you take the plant in central illinois you put them together and i think you've got about 350/400,000 unit capacity. that's going to tigde them over through 2025 into 2026 let's see the marks and how much demand is out there for rivian evs, for evs overall, they're okay in terms of having capital at this point. >> a lot can happen as we know we also want to get to the chinese sell-off in chinese tech, fears of delisting from u.s. exchanges, the latest headline that is worrying investors, eunice yoon joins us live from beijing. hey, younis. >> reporter: hey, deidre, the selling pressure, especially a dual-listed tech names really

got ugly today but sentiment in hong kong and china turned hopeful after a local news service associated with the state-backed security times reported that discussion between the u.s. and chinese regulators on the audit of u.s.-listed chinese firms were moving relatively smoothly, it said, and a consensus would be reached soon now the sec had earlier named five u.s.-listed adrs of chinese companies that potentially can be delisted if those companies didn't provide enough information, access, to the audit documents. those five companies have all issued statements with varying degrees of commitment to staying in the united states, beijing said it looks forward to maintaining trading on the nasdaq acm said it's committed to meeting the sec's requirements, sai lab said it would find an accounting firm that satisfies the audit.

hutchmed said it will evaluate all its strategying options and yum china owns kfc said it may have to delist from the nyse in early 2024 the sec said in december it identified 273 companies at risk it hadn't disclosed any names. the u.s. wants full access to the books of chinese companies and has wanted that for a long time china, though, pushing back for many, many years, it doesn't want to have inspections by local accounting firms even so, china security regulators said on its social media today it's made quote positive progress with the sec the sentiment towards tech, though, still quite fragile especially after didi global said that there were reports i should say that didi global had plans to shell every it's hong kong ipo because it's apparently fallen short of china cyber security review that china cyber

security review, the results of it are supposed to be coming out in the next several weeks, but for now, didi app for didi is still not going to be available here after removed from local app stores last year. >> eunice, you take arguably the most well name here in the u.s. ali bab bab, now less than $250 billion. some over the last few months have tried to call a bottom here you had charlie munger saying some of these names were starting to look like a bargain. you had i think the mcquarry note it was peak crackdown here's the problem with chinese stocks, even if you are calling a bottom based on what you know on the ground in beijing then you don't know what d.c. will do which is the reason for this latest sell-off >> absolutely. there is a lot of concern about how these chinese companies will

be airfare it looks as they're they're going to have two sides, people think it's a big black box when it comes to chinese companies, also there is a lot of pressure because of regulatory crackdowns on these tech companies you mentioned ali baba there is a lot of question marks about exactly how the xi jinping administration is going to continue to pressure the jack miami pire, so you have a lot of variables and questions over there. on the other side, what ug now looks as though it has its eyes set on a lot of chinese companies and wants to make sure the accounting is fair but from the chinese perspective, they feel that a lot of this is going to infringe on their national security and that's going to be problematic and potentially lead to more conflicts down the road. >> yeah. may stop some value. that's for sure.

thank you. eunice yoon. still to come, our next guest says things look tough and one already beaten down market "tech check" just getting started. ♪ >> announcer: "tech check" is (pre presented by - don't like surprises? [ watch vibrates ] proactive notifications from fidelity keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity.

♪ music ♪ you can act quickly. ♪ dream, dream when you're feeling blue ♪ ♪ dream, dream that's the thing to do ♪ ♪ music ♪ when you see value in all directions, you add value in all directions. accenture. let there be change.

as a small business owner, your bottom line is always top of mind. so start saving with comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. so boost your bottom line by switching today. get the new samsung galaxy s22 series on comcast business mobile and for a limited time save up to $750 on a new samsung device with eligible trade-in.

let's get a gut check. stifel nicolaus bullish on meta, snap, alphabet, amazon as well ready to buy with a $4100 price target they like what they see in post-covid revenue growth and grocery shared gains, but on the flipside, they're rating names like lyft and etsy a hold. twitter as well, more bearish there with a target of 35 bucks. shares there lower to start the morning. >> meanwhile, john, we work as reporting fourth quarter results to cap off what has been a very rough year, losses, they widen to $4.4 billion. net loss, revenue fell 25% in 2021 that number fem short of the 70% the company told investors it

expected when it went public by a spac that's the level which wework said it would even in terms of adjusted ebitda. in q4, that was negative $283 million. we were more optimistic ahead saying it expects revenue to jump 30 pars and switching to a hybrid morocco model, shares are falling 50% from the spac merger last october it's about a $3.5 million mark cap company. we are still talking about it because it's a household name. it raises a question, too, now that people are going back to the office, wework says it will capitalize on a hybrid work force. how many companies got rid of the headquarters or corporate offices? >> it seems like quite a few are we still talking about it, though it's been a while. maybe we'll talk about it more and more but, yeah, wework has got to be hoping for a lot more goldman

sachs, right, these days and fewer of the companies that are letting people stay home. >> and you got to keep an eye on adam newman, john, there was this provision that he could actually return to the wework board i think as early as this month sort of the board agreed to it. now with marcellus gone from soft bank, soft bank handing it off to the new ceo that can be interesting to watch. >> definitely we'll be on the lookout for that, yes. now, let's turn to the stocks direct-to-consumer landscape. it's been a tough trade, stocks like war by parker, stitch fix have lost half their value year-to-date the next get found market caps of more than 800 million are struggling with revenue contraction. and alex, welcome, to me what's

interesting initially to me they built these tools and processes for cutting marketing spend for cutting outside platform spend and sort of having this direct relationship with the customer but now through shopify and others, there are so many tools out there for so many different times of companies to do that. i wonder how they differentiate now. >> it's going to be really difficult. despite the spin they might have given us about being different or building relationships with consumers. they still need the social media ads, war by parker went public a newspaper months ago, 13% brand awareness, 87% of people don't know what war by parker is, how will they have special marketing without using ad spend in order to reach people. unfortunately ad spend is way up, way up you look at facebook ad prices, i had one buyer toll me it used

to be $6 now it's tripled to around 18. it's difficult to do business in that environment. >> that was a key part of the mechanism they were using to acquire commerce relatively cheaper. the idea was to retain them. bricks and mortar was another piece of that perhaps that gets more complicated in a higher interest rate environment, at least some players in tech seem to be stepping back from using that model somewhat. i mean, amazon comes to mind, at least shifting its brick and mortar ambition. >> yeah. again, war by parker has been talking to us for a long time about the brick and mortar strategy to have 13% unaided brand awareness, even still, it doesn't help you have to really expand in a big way in order to do that. look at the losses lock at war by parker. there was stock compensation involved, it lost 91 million in the third quarter of 20 up with. then you look at wayfair for

instance wayfair lost 78 million with contracting revenue. so they might be telling us they want to do brick and mortar. it will be difficult to differentiate themselves anyway if they do that. they're still stuck with again increasing ad spend, really difficult measurement on social media platforms, apple cut off their ability to track off the platform, off facebook and shipping costs is another important thing to discuss, where they used to be able to import a container for 15,000, now it costs 20,000. you have skyrocketing costs, the revenue is more difficult to come by. it's a pinch for them. that's why ma gins are contracting. you see the stocks take a hit. it might not be over >> shopify was supposed to be this sort of knight in shining armor for a lot of companies, they have certainly helped the industry to reach customers. what do you think the rule is going forward, especially you talk about increasing shipping

costs and shopify is moving further, could that be an upcoming bright spot for these companies? >> shopify is able to decrease the price from $20,000 to $2,000 that's great i just don't think that shopify has the capacity to do that. and you look at these companies, shopify essentially is the skin for them to build a store. they are able to build that store online the number one question is how do you reach customers you are doing it primarily, you could have the best shop pie ferrrence - shopify experience of your life. >> you have that social media ad buyer on facebook is really interesting. are these companies moving as it pays over to call it more relevant platforms like tiktok what is the sort of ad dollars look like there? >> yes, i will be covering this a lot more i will say right away there is a big move to tiktok. everyone is talking about

tiktok but there is a problem with tiktok because with facebook, what they were doing is they were putting these ads on, it was like a nice pick and text. people would click on it like crazy, it made sense, we had the same people creating content for facebook move over to tiktok everyone knows it's a different culture and environment there. you have to ramp up to speak that language. i think it's going to be slow. so in the meantime, we will see a lot more red ink on the balance sheets of these companies, which lost cheap advertising on social media to reach their customers. >> i will take you up on power cruise 2 with facebook not doing what it was. is it the likes of you know an amazon that has a third party retailer marketplace and people sort of know how you have to try to gain the system there to get yourself to the top of the rankings, or does it go back to more traditional settings,

aggregators, not like department stores the modern version, older school brand advertising. what happens >> i think am zorn has already started to take advantage of this may made 31 billion in advertising last year. that's a tremendous amount of money. they've never disclosed that number from the advertiser i speak with a lot nempted to go through middlemen. now we will go through amazon. we don't have a big choice here's a dark horse. i think apple is just getting started building its ad platform i don't think it's taking moves against facebook, it's a privacy thing. i think what apple is doing is setting itself up to build a platform that swoops in and takes that market share away from facebook. it's strange, apple caused the pain for the advertisers in the short term they are preying right now apple sets up and ad platform with the same tracking that enables them to build their businesses back on cheap advertising, so i would say apple is the dark horse to

take a look at in terms of where power goes >> maybe they can figure out a way to do it with differential privacy and have it both ways, if it's apple matter making money, you can be sure thank you. thank you. after the break, we will talk names like paypal we are back in just a moment ♪ ♪ ♪ ♪ ♪ i'm mark and i live in vero beach, florida.

my wife and i have three children. ruthann and i like to hike. we eat healthy. we exercise. i noticed i wasn't as sharp as i used to be. my wife introduced me to prevagen and so i said "yeah, i'll try it out." i noticed that i felt sharper, i felt like i was able to respond to things quicker. and i thought, yeah, it works for me. prevagen. healthier brain. better life.

as a main street bank, pnc has helped over 7 million kids develop their passion for learning through our grow up great initiative. and now, we're providing billions of dollars for affordable home lending programs... as part of 88 billion to support underserved communities... including loans for small businesses in low and moderate income areas. so everyone has a chance to move forward financially. pnc bank: see how we can make a difference for you.

. welcome back to "tech check. the market remains havele tile this week. a 3.5% loss on monday came before a 3.5% rally on wednesday him this morning the nasdaq down about a percent. the vix adds let's see, just under 30 we're going to dive into thin tech, spend some time there in a minute many names are down.

despite the massive selling in some part of tech in 2022, take a look at the xlk since the pandemic began two years ago still up nearly 70%. more on that after a news update >> happy friday, john, good morning, here's what's happening at this hour consumer sentiment has fallen, an index dropping below 60 as gasoline prices hit record highs. one-year expectations jump to 5.4% the highest since 1981 oil prices are rebounding after two days of heavy losses, media is up 2% crude is on track for the biggest weekly drop since november this has traders looking at disruptions on oil prices can be offset in a tight market publishing giant pearson rejected a takeover offer from apollo management. it under values, and shares were up 18%

apollo is up 3% in a mixed market as you pointed out, john. back to you. >> well, thank you, turning to fintech, plunging in march, according to an analysis how much can we attribute to inflation and fears, the general partner, keith, good to have you with us again, traditional fintech funding cooled, you have sequoia announcing funds were half a billion over the next few months, do you think fintech dollars are moving into crypto in q3? >> definitely crypto, eventually people have to reconcile the private market valuations in multiples. you can't defy reality forever right now because of dedicated crypto fund, people have nothing to do but spend money on a subset that's leading to artificial inflation. >> you said that with some i

don't know ist disdain in your voice, you said they have nothing to do but increase the valuations of these companies. what is founder funds position, notably, you don't have a dedicated crypto fund. >> we like to find the judicious plans regardless of what they're aiming for, so we've funded crypto companies successfully. we've bought bitcoin directly over the last eight years very successfully we are looking for new innovative opportunities that leverages crypto, but we're not looking for crypto we're looking for world class founders, what we call the 1% on the planet that can pull off the re-arrangement of an industry. >> so it's the sector suspend, what do you think happens to all of these investments made in these funds, especially from big capital private equity firms getting into this? >> it's not overfunded per se, it's just that there will be one or two or three companies

footing. the key is for an investor is are you on the cap table or an investor in these companies. having an index doesn't help you. >> we were talking about thd2c landscape, i'm wondering what their strategic advantage is you have been doing a lot of thinking of this space anding a g aggregate the power as the digital landscape shifts under their feet. >> obviously, advertising more difficult. we're targeting a subset of americans. it will be more expensive especially as capital increases because of inflation and applied interest rates, so fundamentally, people want to build a new threat to business,

to define a low-cost way, you are not a horizontal platform, it's extremely difficult and challenging and may be impossible to watch in the short term. >> but have you some ideas on how they can do that, right? so talk about the strategic levers that are important for them right now i mean, you see tools the like of a stripe, et cetera, trying to aid the sorts of companies doing this but differentiation seems harder than it was in the past. >> well, strike and spotify scales a business naturally, easily, can you reach venture scale is a different question. only a small fraction of companies that uses platforms like a shopify or a stripe or equivalents are not going to be successful public companies. that hasn't changed over the last 40 or 50 years. so they do empower companies to create cost flow business depending on the goals and the aims as investors.

but for venture capitalists, we need break through cases 10 billion or more. that will be very rare, regardless of what platforms you choose >> i wonder if i can get your thoughts on what we have been seeing in public and starting to see in private tech market as a whole. it's hard to figure out where it will bottom out. there was an article that said start calling it a fully tlej dot-com crash 2.0, what do you think? >> i have been calling it a fully fledged dot-com crash 2.0, it started last year, it was equivalent to 2000 the margin in 2000, now if it's 2000 yet in march 2000, the in fact crashed. a lot of people tried to dismiss it and didn't adjust all the behaviors. in march it crashed again. so i think we're somewhere in between the march and the june

time range for people's mentality. i do see some c-change there is let people trying to resist the fact that tech stocks are worth a different amount valuations are a function of interest rates and maybe 50, 60, 70% of the valuation of the company has been inflated to a very low interest rate that is not a sustainable future. >> keith, this feels to me entirely different from the do it-com bust in a sense that people's morale in the dot-com bust, a lot of people got completely wiped out, there was this idea all of the ideas driving the market higher during that time, you just had to totallys to out. there were people saying, oh, software is not as big a deal as we thought there doesn't seem to be that tuned kind of ka titillation on crypt or the metaverse a part of this recent hire. in that sense the

disillusionment to me doesn't seem to be a part of this. so it doesn't feel like a kind of wreck does it feel like this to you? >> for now companies fail at rates you haven't seen in three-to-four years. that will cause some pockets of disillusionment. yes, there are fundamentally sound companies and software is the future, math and science are the future of america's society. how however, this was also somewhat true in '89 and 2000, the fake news of the internet bubble is many companies were foundationally responding, amazon, google, paypals were built in the quote/unquote internet bubble. the same ting will be true it's just that there is a different price that capital the price of oxygen is fundamentally different. people need a lot of xale to build something. it will be expensive or

disciplined about how to scale >> keith, thanks so much for joining us hope to talk to you again soon >> my pleasure >> a programing note, starting monday, we have a new lineup in the afternoon here on cnbc sara eisen will averager "closing bell" at 3:00 p.m. and at 4:00p.m "squawk box" will again have actionable ideas from big investors and bring you all the market-moving at the hour. that starts monday we are back after this inner voice (furniture maker): i'm constantly nodding... ...because i know everything about furniture ...but with the business side... ...i'm feeling a little lost. quickbooks can help. an easy way to get paid, pay your staff, and know where your business stands. new business? no problem. success starts with intuit quickbooks. your record label is taking off. but so is your sound engineer. 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 a jelly bean that's good for you? nature's bounty introduces new jelly bean vitamins. good-for-you nutrients in a tastier for you form. more sweet dreams. more flavorful immune support. new nature's bounty jelly beans. live bountifully.

welcome back gut check on oracle. the stock in the red early this morning now up 2%. the company meeting expectations on revenue, posting a miss on earnings oracle reporting the profits have taken a hit from gene sequencing company oxford and arm serve-a-chip m computing also back in 2020, oracle is yet again near a deal with tiktok to store u.s. user's information bypassing access from the parent company byte dance its original deal pushed by president trump was shelved after the biden administration threatened to ban tiktok after the break, the ceo or

m q mar qeeta joining us q mar qeeta fq mar qeeta joining us

i'm 53, but in my mind i'm still 35. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex. available at your local retailer and club. 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 the dow is up, so tech is under performing again check out shares of docusign, the worst performer on the nasdaq over at sec, etsy, tesla, micron, adobe, meta sharply

lower. stay with us we are back in two we are back in two

what does a foster kid need from you? to be brave. to show up. for staying connected. the questions they weren't able to ask. show up for the first day of school, the last day at their current address. for the mornings when everything's wrong. for the manicure that makes everything right, for right now. show up, however you can, for the foster kids who need it most— at helpfosterchildren.com

welcome back fintech company marqeta beating revenue estimates, despite the broader sector taking a beating. jason gardner joins us now jason, welcome so, you know, this idea of, you know, special-branded cards and then also, the way that we see this entire landscape in getting

to the consumer changing i'm wondering kind of what you're seeing happening with buy now, pay later not just as a ways of replacing credit, but also of aggregating attention and providing a new consumer experience and how you see that affecting your business >> yeah, thank you for having me and thank you for your continued interest in marqeta. so we saw a sequential growth from q3 to q4 at 50% buy now, pay later, a few years ago was not part of the consumer choice now we see even a study that we did, we surveyed 3,500 customers in the u.s., australia, the uk, and 51% of them have actually used buy now, pay later. so we just see this changing landscape, where consumers are looking at other types or other modalities to pay. and we believe it's here to stay and that's very clear based on the growth we saw in the fourth quarter. >> it doesn't seem to be just about paying it seems to be about

relationship and engagement between brands and consumers, right? and in this time, where we've seen the -- we want to call it traditional, as if facebook has been around forever. the more traditional ways of maintaining digital engagement or targeting are breaking down, what do you see as the most important things that you and your customers are providing, that's sort of laying the groundwork for what comes next >> well, our customers like affirm, klarna, zip, come to us to use virtual cards which inserts a virtual card into the checkout flow it looks like you're paying with a firm, but there's a card that flows through the checkout flow from an ininquiring perspective. this is what we do every day, which is pay through different -- whether online or offline, using card products so what it does is it just streamlines brings more choice to the consumer and it allows the buy now, pay later companies to get into more and more merchants both offline and

online and then bring that consumer choice and again, we've seen just through the last two years in growth in buy now and pay later, have been pretty extraordinary and we've seen how this payment type is here to stay and it's obviously a big vertical from marqeta based rounlts of q4. >> jason, it's fascinating to look at your customer mix. marqet's popularity began with the disrupters, square, door dash, others in the gig economy space, but you're traditionally doing business with traditional banks. ways the makeup now, and where do you think the greatest opportunity lies >> it's been part of our strategy we started out with commerce disrupters, where we saw the dna map. companies like door dash, instacart, block we then went into digital banks, tech giants and large financial institutions that's where a majority of the volume exists today, around the world. and we've always thought about how do we break into that space? now, we are in the picks and

shovels business we've seen lots of disrupters build on top of our platform and now we've seen the large financial institution really want to compete. jpmorgan chase, then marcus by goldman sachs, and now citi. we're launching in 40 markets, using marqeta's tokenization as a service, which is a first for the industry and it really just allows consumers to instantly issue a card into applepay, google pay, or samsung pay and we've really seen now that we're coming out of the pandemic, the ability to use these types of services like apple pay is really here to stay and obviously, citi wants to use marqeta's technology to take advantage of that. >> so we'll have to have you back jason gardner, ceo of marqeta, thank you. >> thank you for having me >> if you missed part of the show, download the tech check podcast. we are back in just a minute

if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. ♪ i see trees of green ♪ ♪ red roses too ♪ ♪ i see them bloom ♪ ♪ for me and you ♪ ♪ and i think to myself ♪

♪ what a wonderful world ♪ a rich life is about more than just money. that's why at vanguard, you're more than just an investor, you're an owner so you can build a future for those you love. vanguard. become an owner.

one more thing and that is companies continue to tweak their policies in ukraine and

russia against the backdrop of cultural and political outcry, leading to some strange headlines like this. according to reuters, meta will allow facebook and instagram users in certain countries to call for violence against invade russian soldiers or death to president -- russian president vladimir putin or belarusian president alexander lukashenko a meta spokesperson saying that the company has, quote, temporarily made loallowances fr forms of political expressions that would normally violate our rules like violent speech. meta will still take action if those calls are credible rather than general or involve other people still, a striking statement and shows how difficult it has been for social media platforms and for tech to strike the right path here. strange times, but, you know, understandable that they pivot >> yeah, so much of what we've seen from all the social media networks has still been

reactive, but that either highlights how hard it's been for them to actually create policies to account for unpredictable, volatile events, one thing is for sure, john, i would not want to be on facebook's oversight board these issues will keep coming up >> they do, indeed and with that, the dow slightly in the green the s&p off fractionally the halftime report starts now let's get to the judge >> all right, john, thanks welcome to the "halftime report." i'm scott wapner front and center this hour, all in that's where our very own jim lebenthal now sits as he bays more stock details just ahead as we debate your money with the investment company. joining me nor the hour, stephanie link, jon najarian, the cofounder of marketrebellion.com and anastasia omarosa is here as well, the chief investment strategy at i-capital. let's check the markets. 12:00 noon in the east we're in danger of the fourth negative week for stocks yids