the nasdaq is trading higher, as well it's up about 1.6% that'll do it for "squawk on the street." "tech check" starts now. ♪ good tuesday morning i'm carl quintanilla with jon fortt and dierdre bosa we have details on the disney walkout. plus, baba with this buyback. shares up double digits today. 50% in the last week then cyber attacks top of mind for washington. okta shares down after suffering its own breach, reportedly what stocks could benefit from investments in that space. we'll start with the markets. nasdaq snapping a four-day

winning streak comments from fed chair powell signaling aggressive rate hikes. pressure on stocks yesterday that hasn't been the story, though, where we've seen a ferocious rally and moves in the mega-caps with amazon and meta at double digits alphabet and microsoft and apple, those are also outperforming. we talked about btig, giving another idea on datadog. it is still down to start the year this is astock that has faired better than many others in the tech and especially cloud sector guys, it is another day, though, of big gains for the nasdaq. we're seeing this outperformance, jon, up 1.6%. >> yeah. i mean, i'm not confirmed. i don't know everything seems to be up roughly speaking technology wise since that, what was it, march 14th low and the mega caps are following suit a lot of growth stocks higher, as well, carl.

there's been so much volatility that it's hard to draw a story line versus just kind of like the story of a ping-pong match, it feels like. >> indeed. we're watching amazon, d., which is trying to get back above the flat line for the year-to-date of course, with adobe tonight, we're going to be definitely on edge, looking for signs that maybe some of the disappointments in the past couple of quarters relative to expectations might be reversed if guidance is more bullish. >> it'll be important to look at the megacaps we talked a little about this yesterday. the ferocious rally we saw last week was in a lot of the unprofitable tech 2k3names, ark names. you saw the board there. the megacaps are o ffollowing st perhaps a more solid foundation for a market comeback. >> maybe so. let's talk about it. our next guest is a long-time tech investor, sees risks to owner large cap stocks in this environment. his company holding the lowest tech stock in its history.

joining us is ryan jacob good morning what is a large cap these days we have megacaps what do you call a large cap >> i think you can comfortably call anything over $100 billion a large cap. now that we're in the age where trillion-dollar companies aren't as rare or exist now you know, we have a whole other range to look at generally speaking, we have reduced our large and mega-cap holdings, and we do have one of the smallest allocations, probably under 5% in the strategi strategies, allocated to the larger names. >> why is that these days, service now, even airbnb is a hair above $100 billion in this environment. qualcomm, intel, et cetera are all in that category even some names that have significant growth, though i know that your concern is that

the smaller and medium-sized stocks are going to have a better chance of posting that important growth opt n the fundamental level in this inflationary environment. >> when you look at the distinction with growth names, rising interest rates, investors are cautious with growth names, i think we believe that there should be a distinction between higher growth, higher growth, growth names and more mature companies. an intel or qualcomm, these may be gdp plus 3, plus 5% growers a lot of the small, mid-cap companies we favor, they're growing 30% or 40% or more a year they're more able to overcome, you know, a slight rise in interest rates when you look at the mature tech companies, they're valued based on current earnings and cash flow yields. so they probably will act more fondly in terms of seeing compression and valuation multiples. we're seeing the better

opportunities now, definitely, in the smaller cap space. >> yeah. although, you know, you can never be too careful a lot of these giants can be creative alphabet is a good example today, there is different add fo formats. they'll try to leverage auto and travel on the post-covid, which can maybe make up for tough comps in retail and ecommerce. i wonder, how much of the large names you think you may be suspect about, which do you favor the most >> it's funny. alphabet is kind of the last man standing for us. alphabet is our only remaining megacap company we own it is still a small position when you look at alphabet, they're growing comfortably, over 20% a year. when you look at the margin profile, we believe that alphabet will have a problem, similar to apple had a few years ago, where, quite frankly, they're generating too much cash they won't be able to make

sizable acquisitions the cash is building on the balance sheet quickly. we think we'll see continued upping of buybacks there combine that with 20% plus growth, that's really the reason why that one is remaining in our portfolio. >> ryan, you know, a lot of our guests argue, though, that big tech is the much safer place to be in an uncertain macro environment with rising rates. some of these smaller names, yes, they are growing, but, you know, the market is trying to figure out whether they're features or platforms. isn't there more risk when you're going into the names, when you're seeing these valuation compressions and, you know, we don't still know where they'll settle could some be washed out >> of course, there is more risk i think as jon pointed out, a lot of the tech market has been in a bear market now for 12 months that started with the small, more speculative, expensive names. really, it was only until january that we saw that kind of reach up to the largest megacap names and be affected. our guess is that when we come out of this tech bear market,

we'll see the small e more expensive names outperform initially. in the same way they were the first to get hit roughly 12 months ago i think, you know, with everything going on in the world, it is very difficult. i think, you know, if we had not seen the geopolitical issues come to the floor, i think we'd be in a much better place right now. i'm not sure the market is a23r afraid of higher interest rates. higher interest rates are indicative of a healthy economy. if there was terminally low interest rates, i'm not sure investors would be comfortable with where the economy stands. so we actually welcome slightly higher interest rates here you know, i think if you look back, also in history over time, whether it's the last decade or the last -- actually, you can look back 60 years the "wall street journal" did a recent article on this, where they looked at durations and how, you know, generally, smaller cap companies do better in a rising interest rate

environment. that's because it is indicative of a healthier economy >> what's -- >> so -- yeah. >> what is the yardstick, ryan, you're using valuation wise to determine what these stocks are worth? is it a certain revenue growth multiple. >> that's a great question i think it is a place where investors can easily get tripped up you don't want to get into a situation where you're using overly optimistic modeling you can get creative with your numbers, as valuations expand. i think when you look at our top holdings, we do own companies that trade at 10, 15 times revenue. they tend to be some of our smaller positions. also, they tend to have, you know, really some of the largest tans that we can, you know, profile for. so, you know, when you're looking at valuations, it is important to recognize the opportunity but also, you know, kind of where they stand in their business life in terms of their cycle. if we feel confident that they

have 30, 40, or 50% growth ahead of them for the coming years, we'd be more lenient on valuation. our top holdings, you're not going to find as many as the 10, 15 times revenue type situations a lot oflarger holdings -- >> okay. >> -- even though they're not what people talk about. >> fresh perspective thank you, ryan jacob from jacob asset management >> thank you turning this morning to disney the employee walkout beginning at 11:00 a.m. eastern time this is focused on the company's response to that so-called don't say gay bill in florida. that's where we expect the bulk of the protesting, as well julia borstein is outside of disney hq in burbank morning, julia. >> reporter: good morning, carl. here i am at disney headquarters in burbank, california, and there is no sign of the walkout protest that was scheduled to start right now. we don't know how many employees are protesting elsewhere or how many are doing a virtual walkout

and posting an "out of office" message right now. but it is notable that, this morning, all of disney's different properties, including espn and disney world, tweeted their support for the lgbtq plus community. this comes after yesterday, at a virtual meeting, disney's ceo acknowledged his missteps and announced new plans to help address the frustration that you just mentioned about that florida bill he said he wants to use this moment as a catalyst for meaningfmeanin ful change in addition to working with those fighting the florida bill and causing donations in the state, he announced new steps. first, he'll go on a listening tour to hear employee concerns around the world second, he announced a company-wide task force focused on developing a strategy and concrete actions to engage the lgbtq employees and creators, to be a force for good with a focus on developing more lgbtq plus

content. he also revealed that the company has signed the human rights campaign opposing the t texas policy that criminalizes parents providing gender-affirming care for transgender minors these moves address many of the demands of the group that organized the walkout scheduled for this morning but the organizers tell us that yesterday's session was, quote, a great opportunity for the company to specifically address our concerns, but, unfortunately, we didn't hear enough of a plan they go on to say, quote, we still see the walkout as necessary to communicate to leadership just how important this change is to us it's bigger than the don't say gay bill in florida. cultural change is needed, and there are many more bills on the way across the country the level of outrage cooled from last week, as employees see disney engaging with the issues. the big question is, what comes

next >> can you k35icompare disney w netflix after the dave chappelle special and concerns among employees that netflix management wasn't sufficiently sensitive to the issue of transgender employees and the culture in general look at how netflix, how hastings handled that and how disney is handling this. are there similarities and stark differences? >> reporter: there are similarities and differences the biggest differences are the types of companies that netflix and disney are netflix is sort of seen more as an open platform, if you will. they license a lot of content. they've obviously lately been investing in making more content themselves they have a wide variety of content on that platform a lot of which is considered, you know, sort of more risque. some of it has been considered offensive by various groups. disney is very different

in terms of the fact that this is a brand that stands for something. it stands for supporting families and especially under bob iger's leadership for 15 years, this is a company that stood for centrist democrat values and was very much seen as a company that was aimed to support families and also support diversity. so i think this does feel different in that the companies are so vastly different. also. >> oyeah. >> once you get to the political things and the donations, it is more than a single piece of content. >> great distinction between the types of content that each of these companies are producing. we've talked in the past about whether disney needs to branch out from its current demographic and audience do you think what we're seeing now could shape that i know we talked about horrors and thrillers. but if they wanted to get edgier, would this perhaps give chapek pause >> reporter: disney bought fox,

right? the entertainment assets of fox, including the fox studio which makes the edgy, mature, sophisticated content targeting adults that is films like "nightmare alley," rated r. they are making those types of films. i think what you're talking about, dierdre, is whether or not they'd pull that content under the disney brand make it part of that diseney pls bundle i think that's how they decide to go out in terms of streaming. >> yeah. >> reporter: i think there is a question of how that content fits with the brand. what we're dealing with here is the cultural issues and whether disney wants to be donating to these political causes that cause so much outrage and frustration among their employee base >> i know it is early on the west coast, so we'll check in with you to see what happens with the walkout thank you. let's get a gut check on alibaba, raising the share buyback program to $25 billion a push to prop up the stock following regulatoe ors scrutiny and growth concerns. the buyback program was

increased in august, but that failed to stop the selling of course, this follows last month's report of the company's lowest ever quarterly revenue growth since going public in 2014 alibaba is up more than 13% today. of course, guys, these chinese tech names have been incredibly volatile take the longer view this stock is down 50% over the last year. even this comeback we have seen just brings it back to still beaten down levels the timing of this, though, guys, is important it comes after beijing, xi jinping, said they're going to support the markets and the economy and finish this crackdown on big tech. the question is, do the companies know when that is really over? >> yeah. okay, that's what they say now yes, the stock has surged back to the levels of a month ago carl, we've had several people saying these stocks are uninvestable i'm not sure if this latest move changes that i mean, they're certainly tradeable. definitely tradeable what can you count on when it comes to these, especially, as d

mentioned, baba has been cut in half over 12 months. >> yeah. well, you can count on continued volatility, d. on the one hand, you almost want to search for the pattern of when do they allow the stock to run, and when do they clamp down we've seen this in multiple industries in order to do that, you have to be extremely brave and extremely nimble, as art cashon might say. the white house warns russia may be expanding cyberattacks. plus, nvidia's investor day. ech check" just getting started.

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nvidia's investor day kicks off this afternoon the semiconductor etf asnh down 12% this year, equal to the s s&p's declines we have more on what's ahead for nvidia, especially after the deal to buy arm fell through >> we know tech stocks had a frustrating start to the year, and graphic specialist nvidia is no exception the stock is down 9% on the year after it failed, like you mentioned, to acquire softbank's arm. faced a cyberattack recently the bulls are back anticipating ups on data centers and nvidia's push into artificial intelligence, which right now the ceo is giving a

keynote. that's all he has spoken about thus far an analyst noted nvidia's sales tied to the metaverse could reach $10 billion by 2030. nvidia is known for its graphics processing units, found in data centers as well as high-powered graphics cards used for gaming both of those set up well for the metaverse. it was up 71% last kwquarter. nvidia faced supply con tstrains with gaming parts. there could be increased competition. of course, the previously stated $8 billion auto backlog because of what is going on in ukraine and russia and its stretch valuation, about 170% higher than the average, could leave some investors uncomfortable holding this stock in the risk adverse market in nv nvidia's management will need to provide data points on how the

segments will be handled for a positive accelerate of the stock. so far, wall street is definitely betting that is going to happen today. >> thanks. we'll stick with nvidia for the moment joining us for a closer look at what to expect from investor day, semis analyst stacey, good to have you back. >> good to be here. >> is this stock being driven by next gen, inspirational horizon stuff, or more guidance on their ability to be tactical, manage supply chain, and so forth >> well, i think the latter is important, you know, for the near term, but, look, this stock, it is a package of open-ended option value. this is the nice thing about nvidia they're creating new markets i mean, the ultimate opportunity sometimes can be as big as you want it to be. so far, they've been delivering against those kinds of ideals. this is why it gets the multiple it does. this is why investors have been enamored with it for quite a

while now. they're out there creating new markets and actually executing them yeah >> right of the new addressable tams, what is most exciting? which industries do you think will be the ones to focus on >> yeah. obviously, data center is the one everybody k looks at and, i bullish on the data center opportunity. there is a shift going on. as we reach the limits of prior infrastructure, we have to keep efficiency growing we're offloading workloads into other silicon they are providing. the opportunity for that is, over time, massive we're still early. their revenues versus how big this is, there is a lot of room there. the other thing people are excited about the software you mentioned the metaverse earlier. i'm a little -- maybe a little too boomer i'm trying to wrap my head a around the metaverse opportunity. in some sense, they're out there creating software that this could ride on. they've got what they call an

enterprise, nvidia omniverse we are the talk about billions of dollars over time today, it is tiny. these are the kinds of things that investors are getting really excited ability if you're t -- about if you're taking the long-term view on the stock. >> nvidia has about four times the market cap of qualcomm you're not alone in that metaverse thing. but why not embrace the narrative? >> look, i really do embrace it. it's fine. i have to wrap my head around it. >> yeah, a lot to wrap your head around why won't nvidia get taken down with some of the momentum stocks, even visionary stocks like telsa, given now that the market cap is bigger than facebook, bigger than visa what is it about nvidia that they've got to continue to show to maintain where they are right now? >> you know what, it has been take down. we had this sizable growth

rotation earlier in the year i mean, nvidia is downsizablely from where it was at peak. it was trading at 40 times earnings it was probably 60 times earnings not long ago. it's already come down in the broader growth it's been astonishing how large the positive revisions have been here they need to keep that up and the dream alive. that'll be important there is a broader debate in the space in semis, the peak cycle versus stronger for longer i find myself a little more on the peak side. we may have talked about that, you know, now and then but in that environment, one of the things i do like are things that are more secular versus cyclically driven. nvidia fits nicely into that, so it is something we like. there is a good opportunity. >> stacey, it is dierdre talk about the place crypto may place in tam we're going to ask later in the program about the upcoming

merge. the shift has been cited by some as a potential threat to nvidia's graphics card products. think we'll get anything there what are the implications? >> the thing is, nvidia doesn't really know how much of their gaming business is driven by crypto really nobody does you can try to size it, but it is very difficult. it's hard to know. is it a potential risk yes. if it happens, it is temporary i think the secular growth for gaming is there. we've seen this before we had a cycle the end of calendar 2018, beginning of 2019 it hurt, but it was temporary. at some point, it is not going to matter. like in my mode, i have data center larger than gaming this year so at some point, like, crypto, whatever it is going to be, is not going to be a material driver one way or the other anymore. you know, at some point, it is a little more mainstream now than it used to be. the drivers are different now, so it is a risk. part of me wishes if it was going to happen, it'd just happen and get it over with. i think a lot of investors are waiting for that

it's like the one last thing that needs to fall before people can be comfortable with it. >> wow, that says a lot about how innovation gets absorbed incredible we'll see what we get later today. s stacy, thanks. >> my pleasure. cyber attacks are on the rise, and okta is a victim can stocksenit f befrom increased spending in the space? stay with us ♪ ♪ opportunity is using data to create a competitive advantage. ♪ ♪ it's raising capital that helps companies change the world. it's making complicated financial concepts seem simple. opportunity is making the dream of home ownership a reality... ♪ ♪ ...writing new rules and redefining the game...

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welcome back to "tech check. carl quintanilla with jon fortt and deierdra bosa. we'll get an update with rahel solomon. >> treasury yields jumping again. fresh highs going back three years after fed chair powell raised the possibility of future hikes. carnival falling 1%, posting top and bottom line missing the

first quarter. carnival expects losses to continue in q2 but forecasts a profit in the third quarter as booking trends hopefully improve. oil prices giving become some of yesterday's gains. u.s. cruise briefly dropped below $110 per barrel. prices are getting support from a possible european union embargo on russian oil imports cnbc is told that is unlikely at this point at least. in london, nickel trading slowly returning to normal volume is way up for the first time in more than a week, nickel contract did not hit its downside trading limit jon, back to you. >> thank you. the white house warning russia might expand cyberattacks against the u.s. at the same time, okta shares down this morning after the cybersecurity and identity company suffer and apparent attack of its own. it is not clear on the timing of that and the continuing vulner vulnerability. frank holland is looking at that attack and what companies are doing to protect themselves. frank? >> okta shares falling hard on

the news, as you'd expect. the cybersecurity company suffered its own breach. ironically, out with a note today saying that okta, along with a number of other companies, including palo alto networks, z-scaler, a number of other cyber stocks in the basket should benefit from an uptick i cybersecurity spending from the president's executive order yesterday, as well as the strengthening of the american cybersecurity act that passed last week. let's dig into the biden executive order. companies use multi-factor authentication you log in and are sent a text to identify who you are. also, the security and infrastructure agency proactively. and the eo telling companies to build skcybersecurity from the ground up instead of using patches on existing networks there is talk about banning russian oil exports. the head for at&t says the talks alone are a catalyst for

cyberattacks. >> making sure that they understand that, hey, they have some tools they ca counter the sanctions. ransomware attacks to some of the wiper attacks we saw in ukraine at the beginning of the conflict, they're likely to happen >> other cybersecurity experts say transportation and infrastructure will be the targets of an initial cyberattack. with china's port limited by supply chain tightness, ceos said an attack on a major company would be simply devastat devastating. back to you. >> frank, you talk about the possibility in these analyst reports of continued investments in cybersecurity companies at the same time, we see okta shares reacting to the reports of this breach, which might be from january, might not. unclear. that seems to speak to volatility in the space?

>> when companies report they've been hacked, they have an issue, we don't really know the timeframe. that's a lot about the act that was passed last week, what it is about. companies now under this act are supposed to report any type of cybersecurity breach or any issue within 72 hours to the u.s. government. if they pay a ransomware attack, they're supposed to report that within 24 hours. that would give a lot more clarity, at least in the bill's design, to not only the government but other companies about what is going on when it comes to sicybersecurity and ho intense the attack was and whether their companies are in danger. >> thank you. a deeper look at robin hood. why they think spare change is the 2350ut tfuture of growth stock is down since its ipo. don't go away. ♪ ♪

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robin hood built its reputation on easy stock trading option, then a boom in crypto investing. today, it is announcing new products they look similar to an old fashion bank kate rooney has the details. this was inevitable. all tech eventually is heading that way. >> looking more and more like a bank it is interesting, robin hood is looking to the less exciting parts of finance, as the stock

and retail boom fades. the start-up announcing a cash card and savings account on tuesday, allowing investors to use spare change to invest in crypto say something costs $5.75, the remaining 25 cents will be auto-invested, also allowing direct deposit this is a less flashy option, 401(k)s and retirement it signals more banking versus trading products i spoke to robin hood's chief product officer about this she says it is a way to drive user growth and expand the definition of investing. she says the smaller investments cater to the crypto curious who might not be ready to go all in. >> you can actually you can put your spare change from coffee into crypto, investing in crypto that is a far less intimidating,

far less -- view of getting into an emerging ecosystem like crypto another idea that we are pushing on, what we call this is embedded crypto. this idea of, like, crypto comes with the product same thing with the spending account. you can split your paycheck. you can say, hey, some part of it goes into crypto. you're not feeling like you have to go all in on this emerging ecosystem. >> the product suite puts robin hood in competition with crime and stash, as well as paypal block and sofi robin hood is down about 80% from the high. >> how do they monetize something like this? what does it mean for the bottom line it is not a payment where they're getting paid on the back end. >> this is through interchange, how a lot of companies, chime included, make money they get a slice of the transaction from the card payment. probably a loss later in a lot of ways. it might add something to the top line at least. not as lucrative as payment for

order flow a different way to gain revenue but also she talked about bringing new users in. saying those who might be looking for a different banking experience and having a savings or banking account next to the brokerage account. >> that's been key, right? robin hood has sort of stalled out in adding the users. then you have paypal not even looking at users anymore but avenue revenue. >> exactly higher quality users. >> right thank you so much, kate. meantime, blockchain startup consensus doubling the valuation to $7 billion in the latest funding round. the round included a rare crypto-related investment from microsoft alongside other investors such as softbank the round comes as consensus says ethereum reached more than 30 million monthly active users. here to discuss, consensus founder and ceo joseph luben, also the co-founder of ethereum. great to have you with us this morning. i want to start abroad i think a lot of our audience looking at ethereum as a store of value, something that goes up or down. what do they need to know about

its use case and about blockchain technology? >> so, yeah, something that goes up and down in a volatile fashion isn't necessarily a great store of value unless you are -- have noticed that it's been going up for many years that's the case for most of the tokens in the blockchain ecosystem. essentially, this is a paradigm shift. we're moving from the age of silos to the age of community, and we're building a new trust foundation that new trust foundation has enabled decentralized finance, global decentralized finance platform that is enabling a wide variety of applications to be built. some of those applications that are essentially enabling businesses to be disintermediated they take the form of

non-fungible tokens. in the early days, content owners could directly access their customers. >> disintermediation, decentralization, this is the ethos behind ethereum. take the nft market, for example. many say it is becoming increasingly centralized you have a few big players, open see, labs for ip, andresen horowitz as an investor. >> it is a bit of a gold rush, and people take steps to establish market share, whether you're a dc or nft platform. our company is toward aggressive decentralization we find product market fit, and then we work diligently to decentralize we're seeing that across the

ecosystem, where lots of defi protocols are decentralizing products are exiting to community, establishing decentralized organizations to govern themselves. we will see a powerful movement toward decentralization in the nft space. >> even so, joseph, at this moment, as you say, it is a land grab we're seeing the big get even bigger walk us through how decentralization happens from here, how we're going to see sort of these existing players like open see disrupted by the community. >> we offer some important projects impure is one that handles a ton of the reads and rights in the ethereum and related ecosystems. across consensus, many of our products are working towards progressively decentralizing themselves, so that involves trending projects that are

essentially platforms turned into decentralized platforms that can involve turning them into protocol. lots of different actors can work together on that protocol collaboratively. or it involves or can involve creating decentralized organizations for the governance of those projects. >> right and it feels like you're taking this ethos to your own cap table. consensus has a very diverse one, ranging from traditional banks to crypto companies. now microsoft, a part of the latest round what about consensus or ethereum units all these industries, all of these companies >> it's a paradigm shift, that the world is turning upside down we're operating in a world that corporations service their customers often in an adversarial approach there is recognition that we need to rearchitect the world and put the user at the center

and create a world where individuals and small groups have economic input at the agencies we have a group of strategic and financial investors who see that vision and are leaning in heavily to that vision. >> joe, we talked earlier on in the program about the proof of stake merger, the upcoming merger why does it matter in terms of ethereum's practical use maybe talk about how it differentiates ethereum from other blockchain technologies like polka dot. >> so ethereum1 and ethereum2 are running currently. ethereum1 is the execution chain. ethereum2 is the consensus chain. they're merging. some people think it'll be in judge. some people think it'll be in july but it's soon. the merge effectively removes the energetically wasteful proof of work consensus mechanism and

replaces it with an orders of magnitude, more efficient proof of stake consensus mechanism essentially, it removes the carbon footprint problem that some other blockchains have. so it is all about scaling more transactions per second. it's about greater decentralization it's about that low carbon footprint. it is also about ultrasound money. ethereum is moving towards a regime where it becomes a disinflationary currency or token. we believe that's going to drive a ton of value to the ethereum ecosystem. >> joseph, so interesting how you're going to convert most of the proceeds, as well. thanks for coming on hope to talk to you soon >> thank you very much. >> check out "crypto world," all things crypto. head to cnbc.com/cryptoworld. coming up next, cathy wood liquidating her position in one

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down 40% for the year. block, coinbase, spotify included docusign no longer cathie wood selling the position it's had a rough run with a 65% decline since october. we were joined after the q3 earnings report, saying they were getting back on track for growth cathie wood is spectacle of the forecast, at least, compared, carl, to what she wants to see >> yup we continue on a daily basis, d., to monitor her selling and her buying actually selling a little of square now in addition to the twitter she liquidated buying a little shop, trill io, names with volatility safely, maybe because of her activity in part. >> getting completely out of doc docusign this was someone who told us it was names to hold on to for the very, very long time carl, we're just a few, you know, months out from the pandemic, i suppose. you know, maybe docusign, again,

one of these companies that proved to be more of a feature than a platform. >> yeah, difficult to see how those pandemic trends are beginning to extend post pandemic also want to check tesla today. officially a zs you know, openi today, delivering its first-ever german made cars as it looks to ramp up production for more on the capacity and the supply chain and the impact on deliveries, go to cnbc.com as we are still hovering above 4500 on the s&p. ech check" is back after a quick break.

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a big move in the battle for market share digital ads, this time from our own parent company, nbc universal julia is back with us. >> deirdre, nbc universal is making its biggest push to compete with google for digital ad dollars revealing new ad tools and targeting capabilities that are similar to what those tech giants offer, but for nbc universal's premium content than was user-generated content on those platforms. after they struggled losing access to first-party data in the wake of apple's operating system change nbc universal announcing today the ability to do first-party data targeting

across $230 million nbc universal i.d.s. those are people that interact with the company digitally, everyone from peacock and comcast set-top boxes to the universal parks. second, the company is offering more digital tools to buy ads. so small and medium-sized businesses can easily buy spots across nbc universal's platforms. they can also buy them through other outside platforms including adobe and amazon's third, nbc universal is having new ad measurement tools streaming to guarantee those ads reach and it is launching new ad formats including livestream commerce ads and nbc universal showed us this demo of how customers will be able to say shop into an xfinitiy remote to buy products directly on their tvs. nbc universal is presenting this news to advertisers, tech platforms and the likes of salesforce right now as it looks

to show that the power of big data is no longer the exclusive domain of the tech giants. of course, it's not the only media giant to be chasing digital ad dollars paramount has its ad-supported paramount option and warner media has hbo max with ads and disney+ announced it is working on an ad-supported option as well guys >> see if it works sd julia, thank you >> miss part of the show don't forget to follow and subscribe to our podcast listen any time, anywhere wherever you dowoanld podcasts "tech check" is back in a moment deed instant match instany delivers quality candidates matching your job description. visit indeed.com/hire (vo) right now, the big switch is happening across the country. small businesses are fed up with big bills

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>> as the nasdaq outperforms in today's session, it is chinese tech names leading the way pinduo was the top gainer up nearly 20% you see alibaba up 12%, jd.com, baidu and netease. these names have still been beaten down on a yearly basis amid the clampdown from beijing on antitrust, but guy, we have

seen this surge in chinese names now last a few days making up some of those losses, carl. >> yeah. a bit of a bounce and we'll see how long it goes meantime, one more thing robots now poised to take over the road of san francisco. alphabet's self-driving car, waymo announced they're about to introduce the driverless cabs to the city after offering free rides to volunteers. more details will be announced in the coming months for now, phoenix remains the only market, jon, where waymo operates a fully autonomous taxi service even after all of the data that they collected it's still a daunting cal efrj. i remember at code how we discussed the taupography in san francisco made itextra challenging. >> the city has changed quite a bit. this expedition in driverless cars first started if i'm going around san francisco on a business trip i'm not sure i'd feel comfortable

neces necessarily not driving and not having a human being driving just because the crowd out there has gotten a little crazy since. >> you have to get comfortable with having them on the roads and tons of waymos and driverless cars on the roads, carl >> interesting to see how that develops let's get to the judge. welcome to "the halftime report." i'm scott wapner as rates continue to rise does that mean the war is over? we take that to the investment committee. joining me today, liz young, steve weiss, josh brown and pete najarian co-founder of market rebellion.com. the s&p getting back above 4500 today. man, it's been a run over the past five, six days and for the s&p, and dow's good for 235 and interest rates are up and stocks are up and we haven't seen that very often