>> thank you we've got a broad market rally that we have discussed over the last couple of hours the nasdaq up some 2.8%. that's going to do it for us here on "squawk on the street" "tech check" starts now. >> good monday morning, welcome to "tech check," i'm carl quintanilla with deirdre bosa, the first week of tech earnings is now the time to get bullish finally? we're going to talk about it plus, developers, developers, developers steve ballmer out with a new bet on direct-to-consumer. we're going to talk with the man himself in a moment. and fox slumps, today's tech movers all hour. >> nasdaq of course seeing a big reboundthis morning as the volatility continues there's only a few names in the red on the nasdaq 100.

mike santoli, are there legs to the rally? that's a key question. so far not a ton of enthusiasm for the previous ones. what about today >> we have been conditioned to have skepticism about the quick rallies, the market making the place that with the dramatic gain into the close maybe had some significance. there's some longer term trend average price levels that people have been watching that actually are right in the vicinity of where the market is right now. i'm going to just draw roughly where it is. that's a thousand day moving average. it's kind of 200 weeks it's almost four years we didn't undercut it in the nasdaq 100 at the lows, back in march of 2020. you hover here you're in this zone right there. 10,000, it's the initial burst off the lows from the covid crash. that's kind of where we're hanging out right now and it mimics in an amplified way what the broader market is up to. more tactically, there's perhaps a little bit of hope in there.

if you look at the way that dealers are positioned in nasdaq 100 futures, now, dealers are considered a little more of a smart money indicator because they're essentially taking the other side of the crowd and the big speculative funds when they kind of position in futures, and you see here, this is from renaissance macro, that's about the 90% percentile nasdaq 100 futures it's not an automatic thing that the market is bottomed in those areas. it coincides when the risk reward is looking better because everybody else in terms of the public is betting heavily against the nasdaq 500 that they end up being the ones owning more they're slow moving commercial hedgers is another word for these dealers. guys >> how would you characterize the stocks that are reacting the most so far. it seems interesting to me netflix is up about 5 1/2. microsoft is up better than 3. apple is up less than 2% bitcoin bouncing back.

it seems like riskier names are particularly, right. apple is under performing the s&p at the moment. >> so apple, you know, it almost seems as if it's a little bit counter trend. it's taking on this character of being kind of stuff you reach for when you're scared of everything else. and so that's why it might not be reacting as much now. and of course it's not as far off its highs as most of the other big faang plus type names. i would argue that's what's happening here you do see an element of not just short covering but stocks that basically have been really cast aside they get scooped up on a day like today you don't want to extrapolate too much of a story from it. it seems as if the things are spring loeaded the most, biggest gap between what people think they ultimately could be and how the stocks have been traded. that's where you're seeing most of the dramatic moves. >> appreciate it quite a rally.

mike santoli, let's turn to big news in sports media 70 basketball games, commentary from legends mike paul pearce, that's what's coming until the l.a. clippers, clipper vision with the nba season kicking off this week. let's bring in clippers owner, chairman, microsoft ceo, steve ballmer. great to have you back congratulations. >> thanks, carl. real pleasure. it's a unique product, and great to talk to you about it. >> i read this morning that you have been mulling some kind of dtc product since 2014 can you just talk about the journey, how it's led you here today? >> yeah, actually, you go back far enough, even in my microsoft days, i love the idea of putting interactivity in sports, which meant putting things over the internet when i bought the clippers, i said, okay, we have some rights. how do we go over the top. now, it wasn't just about going over the top because we want to

transform the viewing experience, but in a word of cord nevers, cord cutting, even cable operators passing on carrying some games, we really want to make sure the broadest audience can get our gains, and they can see them in multiple unique ways, more interactivity, more options >> talk to me about how you came down on pricing because there's an environment right there where industry continues to grapple with what's the consumer able, willing to handle, how do ads play in. how does the pricing speak to what the consumer, you think how they feel about the team >> i think there's kind of two things, really number one, what's the value, 200 bucks a year basically amounts to about three bucks a gain best season ticket you can buy the in house pretty good deal, in my opinion. number two, we actually include

a special unique clipper jacket in there to try to bring things alive physically in addition to virtually. >> steve, good morning, thanks for being with us. we spend so much of our time on "tech check" talking about sp sports rights. the battle is app and will nfl, and whistle're hearing reports what apple and the nfl want. i wonder, how do you characterize your negotiations with bally sports, that is the regional sports partner. what was most important to them in hammering out this deal >> well, i think that the key thing is since we were committed, absolutely, to have our own direct-to-consumer streaming product, the question is how could we work together, and we -- with a lot of negotiations, had to work out a way to come to market in really four ways.

bally's has a direct streaming product, they're providing our stuff on tv broadly. and we actually kept a few gains for over the air, broadcast as well to get the broadest possible distribution. what were the keys the keys came from a commitment by us to make sure we serve the market, and then some cleverness in the business negotiations with bally's if you ask going forward, how will things be distributed, the answer is i don't know will things be direct? will they be distributed through tech companies will they be distributed through traditional cable networks the most important thing, though, in what we're doing, and we're doing this in partnership with the nba, is we're defining the experience of watching basketball, and there's just -- there's nobody who's going to do a better job and care about that more than we are as a league >> steve, i wonder if uk you ca give us color around the

financials, what they wanted, how important it was to them was it mostly what they were being paid to be able to get this over to you, and what do you think that means for the broader space, do sports rights keep going up in value >> well, it was a combination. essentially they bought rights from us and then we licensed back rights for our streaming product, which is a very unique thing, as opposed to us licensing a subset of the rights, complicated, tied up also in the nba's deal with bally's since the nba retains certain rights for streaming, distribution, so quite complicated, money flows quite complicated but at the end of the day, i love the fact that we can go go go with this new experience, direct-to-consumer, and bally's loves the fact that they can go to market with streaming, but particularly continue to keep us on television >> hey, steve, it's good to see

you. it's jon fortt i noticed when you talk about the basketball viewing experience, you're talking about 2d content i wonder how much you're thinking about nfts and merchandising, how much you're thinking about the metaverse and 3 d content. are you anticipating or expecting five or ten years from now people are going to be wearing something on their face watching these games, and how much investment do you put towards being prepared for that? >> nfts, no doubt, and once we have this platform in place, jon, it becomes a whole lot easier because we have a direct relationship that goes beyond an anonymous relationship with our customers. a great marketing platform for nfts now, when it goes to, you know, kind of 3d, et cetera, i think there will be two ways to consume. one is with glasses, and the glasses must get better. at microsoft, we were working on these augmented reality product

called hollow lens, they continue to work on it obviously meta, but i also think there will be ways for us to simulate 3d on the flat screen, much as video games do that today creating their own little metaverses, but if you say, hey, can i fly through the game, okay, i'm going to ride with kawhi leonard on this set of plays or paul george and see what they see, and see things in 3d, we're going to be able to do a pretty good job on that even before the broad uptake of glass. at least i'm very confident about what i have seen from a number of tech vendors. >> let me ask you a question about the broader tech landscape, get away from sports for a moment this is a moment where people are questioning where value is when it comes to enterprise and enterprise software, unprofitable, innovative companies, how much are they

worth. as a technology watcher, investor over time, what do you think are the most important principles and technologies over the next three-to-five years that despite, you know, any near term turbulence are worth investing in. >> let me say, number one, the company that keep investing through these bumpy periods, those are the companies i really believe will come out stronger they say, you know, never waste a tough time this is a tough time companies should be, in my opinion, doubling down into that or at least staying steady the second thing is, you know, there will be a whole set of innovation around -- continuing around the cloud as new workloads move to the cloud. there will be innovation in how we use people like to say artificial intelligence, machine learning, to better anticipate

what things people are going to be interested in i'm not sure exactly where the metaverse and 3d will wind up in five years for enterprise software probably something, but i personally don't envision those scenarios. the key is to keep consistent, to keep investing, to try to find those experiences that are particular satisfying. those companies, the ones i believe in and am betting on, they'll be great now, first and foremost, unsurprisingly, my old company, microsoft. >> steve, again, sort of on the broad landscape, i wonder how you're thinking about this slow motion divorce that we've seen between the u.s. and china, how it's going to affect tech and whether or not you think it changes the pace of innovation between either side over the next ten years >> yeah, it's a complicated thing from my perspective in the sense that i know some tech companies have great markets in china. others do not have great markets

in china certainly cloud companies have had a hard time. some of the hardware companies, apple and others have had a great time the way we do sourcing in china, you know, presents complexity. i think the most important thing it means for the u.s. is to really double down on r and d investment, whether it's in renewables, whether it's in software, whether it's in hardware, and then think twice about the -- where manufacturing will come in the future. some of it will be in the u.s. others, i'm sure, will not as a primary owner of a cloud company and microsoft, certainly i don't see this problem with china creating any particular financial drain. >> and finally, i don't know if we got specifically into baller vision, but, you know, we talk about these grand innovations that people have in their heads

about how sports gets covered over the long-term, but certainly people are making comparisons to manning casts and this idea that you can be creative in the shorter term using tools that we have available today. >> yeah, i think it's fantastic. in the case of basketball, this motion of something called hooper vision was first pioneered, but people get together and just kind of chat about the game or what's going on generally in basketball i did my first baller vision broadcast with three former clippers, baron davis, jamal crawford and paul pearce it's super fun to do, super interesting, you can do it from your living room, whether it's celebrity guests, kids on our kids cast, former ballers, of course, ballers meaning basketball players i think it really can be kind of amusing. i kind of got a kick out of it

i like being at games, and it's a little harder to focus in on the game, but i know i'll do a few more during the season. >> finally, steve, i couldn't help but notice you sounded a little skeptical a few moments ago on the metaverse, and which vision are you skeptical of, m meta and mark zuckerberg's what do you buy into or not? >> that's interesting that you heard just a shade of skepticism i'm not skeptical about the importance and concepts that we can get to through the metaverse. i am skeptical about some of the ways people are thinking about the current implementation if you can give me a meaning scenario where you can i can stroll around the room, really not just in a flat way, but really take a look at what's on people's faces, that makes sense. if you put, you know, sort of a 3d representation of me into a meeting and others, not sure in the short-term that that's going

to be as powerful. obviously the number one place we see metaverse today is in video games, and some of the things that you see, whether it's on the xbox or play station or others pretty amazing so i don't want to sound totally skeptical. but particularly in the enterprise cases, it's going to take a little development, i think, deirdre >> fair enough >> steve, congratulations again on clippervision, we hope you'll come back in the coming months, talk about uptake. great to see you. >> great to see you. thanks very much for the opportunity, and it's been a while since i saw all of you, so thanks very much >> thanks, steve steve ballmer. >> good to see you. nobody's 3d avatar i would rather talk to than their 2d actual self. anyway, shares of fox and news corp. on the move after news that the company are potentially exploring getting back together after splitting in 2013.

ju julia boorstin is here, literally. >> not my avatar it's great to be here. what's sold new again in media nearly a decade after splitting up, rupert murdoch is work to go recombine them, not dissimilar to cbs and viacom into paramount. since fox sold the entertainment assets to disney, fox corp's, has sunday football. fox broadcasting has struggled to launch new hits and doesn't have a streaming service, instead relying on free ad supported. and the digital real estate division have grown faster than expected as fox corp and news c rorp have evaluated board committees, fox's market cap is $16 billion. that stock is down 21% year to date, and news corp down 26%, a

hair more than the s&p 500 declines the loop capital downgrading both stocks saying they quote believe combining the entities would be a negative for the public shareholders of each company saying we do not see material synergy in combining both companies, nor do we believe the larger scale will move the couple for either company. credit suisse downgrading, noting fox is facing challenges, including growing advertising risk, and cord cutting, accelerating, noting the merger would not resolve fox's need for streaming scale. recombining the two would allow for cost cutting on corporate expenses and better cross promotion across the platforms those synergies may not address the fact that both companies are trading at lower valuations relative to their peers, to the larger streaming players, guys. >> julia, also, when it comes to potentially or actually buying things, kanye west, otherwise

known as ye, buying parlor, right, the conservative social media site, which i had forgotten about completely is this -- >> that's the point. you had forgotten about it until kanye west gets involved. >> jay-z bought, you know, a music streaming site, you know. >> this is different i would not compare the two. this is very different >> i don't think jack dorsey is going it step in and buy out parlor. >> no, i just would not compare jay-z buying a music streaming site, or ye, the artist formerly known as kanye west making a deal to buy parlor, and that's because he was kicked off of instagram and twitter. this was because he posted offensive, anti-semitic things, and therefore is now trying to find a platform which will allow him to speak, so he made this deal, of course we have to say who knows whether it will actually close we don't know the financial terms of the deal, but the fact is you did forget about it because we haven't talked about

it that much since it was swept into this controversy about january 6th. and what role it may have played in enabling people to coordinate storming the capital so i think that's the real question here, will it really happen, and then if kanye west does take over this platform, what does it become? does it actually make it more appealing or is it going to remain more of a niche service >> pete davidson will probably not be joining parlor. that would be me guess of all the things we know about, that we don't know >> still to come, why star board is going, and what to expect from netflix don't go away "tech check" is just getting started

check out shares of splunk, reports that activist starboard has a stake of 5% of the security software maker,

expected to out line the thesis at an activist event tomorrow. the pandemic spiked cloud computing demand this is a stock that was worth a market cap of more than $35 billion. now what, 12 billion and change? >> yeah, that's not unusual to have a big fall from those kinds of levels. it's hard to find an enterpris software stock, a growth stock that hasn't. what i think is interesting here is this idea of a floor under some of these stocks because private money moves into them in some significant way, whether it's private equity trying to take a company out, whether it's anactivist investor saying, oh we see some value here cfo has stepped aside, they had a couple of misses in terms of annualized occurring revenue the stock is beaten down but maybe too much. >> to your point, a lot of names that we have been talking about that have been garnering

activist attention have fit the profile, around the 10 billion or less mark recently good quarter but that valuation coming down so much. >> and, you know, got a lot of customers, track record, there's some value, perhaps, to be had there. and now let's turn to hardware it's getting a lot of attention as an investor's way of potentially weak holiday season. our next guest warning pc and consumer electronics demand is going to remain soft for at least a few more quarters. but he's still bullish on apple ahead of earnings next week. joining us now citi managing director, jim souva. welcome. why bullish given that i mean, sure, apple has been holding up operationally better than others. but its stock has also been holding up better than others and if we get signals of weak demand or a little bit more inventory than they would like, won't that hit the stock >> well, what we think actually is the cash flow, one word or term that you did not mention is

the cash flow is so strong what's different about apple compared to a normal pc name is with pc companies, you're seeing children go back to school, and they're in person and people bought pcs and laptops during covid. now they don't have a need for them they don't break as much simply going back to work or school but your iphone, your air pods, these items, when they break, they are essential to life and being replaced families in households have less disposable income, rent is higher, fuel is higher, food costs are higher we believe people will allocate to things that are essential, and we believe apple products and compute products specifically smartphones is where it's at, and we actually think this holiday season will be just fine for apple, but the concern in october with halloween and things are scary, we don't think it's going to be as scary as what investors are fearful for. >> okay. three things that concern me, maybe you can assuage these

concerns strong dollar, china, europe why is apple going to be okay with all three of those? >> well, the first one, nobody is immune for the strong dollar. any company that sells internationally, no one is immune to it i got to admit to you, that's a challenge, the other thing about china. remember, we have talked many years, my friend, about apple diversifying to places like india. vietnam, where they don't want all of their operational risk held up in one country whether it be political reasons, whether it be covid reasons, shipping reasons, they want to be diversified and so apple is now looking at putting more and more manufacturing in other locations. we think that continues. we do not see this as government security issues like with national security. and so that way we actually kind of set your second and third items kind of aside a little bit to say they're not as big a

concern as what we think because we're not selling into, you know, the nsa, the cia, the national intelligence. these are more consumer product devices, and also importantly, remember, apple indirectly hires thousands and thousands of workers in china, and many of those workers have good employment and good skillsets that are driving the china economy stronger and so but we do agree that u.s. dollar fx is a challenge, but the china situation, we think they're going to navigate through it just fine. >> are you talking navp igate in terms of the supply chain? we have xi jinping's big meeting this week. what about the demand when apple makes up a huge proportion of revenue for apple? >> that's a very smart observation, and i was focused on the supply chain. we talk over the china covid

policy has been a challenge for am the stores get closed. the supply chain slows down, but the store's closing is a very real head wind for apple people like to shop. people like to go in an apple store and they tell you, hey your friends and family are beautiful. you need to spend more on more memory of your iphone and you walk out of the store spending more than what you thought, and feeling better about that decision however, when we looked forward with the hope and anticipation that society gets past covid, we see china turning into a positive, and apple still did gain share in china, so we actually view that as something that's kind of backward looking and we're more forward looking, hoping that covid and the zero policy becomes something in the past, and we all move forward to a more fruitful society in the future >> all right jim, thank you >> great to see you. coming up this week, results from netflix, tesla, snap, ibm, and a lot more just around the

corner we'll talk about what to expect on this busier week of earnings season in a moment don't go away.

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good day, everybody i'm contessa brewer a strong earnings report from bank of america is driving the profits higher higher interest rates boosted net interest revenue as the federal reserve raises rates, the lender is generating more profit from core activities of taking in deposits and making loans. the uk's new finance minister jeremy hunt reversed course scraping almost all of prime minister liz truss's controversial tax cut plants and

scaled back the energy package designed to subsidize consumer and business energy bills for two years, and the markets just cheered. which sent the pound soaring dw against the dollar and yields on uk government bonds falling sharply. shares of roblox after the company had 50 million daily activity users, up 23% from the same month last year, still lower than the number of daily users on the platform in august. why? roblox said engagement in september fell because kids who play the game had to go back to school and parents everywhere, cheered, getting some attention back to the family dinner table. >> there you go. contessa, thank you. check out the nasdaq it's now up more than 3% this is really a ripping rally to start the week here it did dip below the 3%. near session highs now, we get netflix earning of course. snap and tesla, hit hard by the

tech route joining us now, news street advisers, founder and cnbc contributor, delano sapporo. the evidence suggests a contraction, not a collapse. what do you think? is that what's driving the market, the earnings season may not be as bad as feared? >> great to see you. i think there's two sides, we may not be as bad as feared but also the fact that we lowered expectations, when you look on the tech side, everything is revised. lower estimates have been revised lower. we could see something like what happened off the back of bank of america. on the tech side we may not see that we have to look a little bit further out to estimates in 2023 and see how the management is looking at outlook from that point, and that will give a tell on how the markets are leaning now. if earnings are coming down, we still are a little bit pricey from an evaluation standpoint, and if earnings, the outlook is

strong, then i could see the market sharing that, but it would be a very curious to see how management is looking forward to 2023. >> guidance is going to be key, and while this quarter may be better than expected, we have seen what the likes of fedex and how quickly things can change and demand can slow. what do investors have to be careful of, look for within the comments for management, looking ahead to early 2023. >> i think obviously we know this is outside of a macro level, what the fed is probably going to maybe potentially do a pause in 2023. having to look for demand, that's the big thing demand is staying. we have cost that's very sticky. if demand is weakening, we would see potentially lower, you know, evaluation for a lot of tech kpa companies. if they're seeing demand strong, and that would have a potential mini rally that would be able to sustain. but that's the playbook for

investors right now is looking further out in what management is saying as far as those items. >> that's interesting, i wonder, you know, we're getting some continued robust metrics when it comes to travel, tsa throughput today, got to go back to february 2020 to see as many travelers traveling on a sunday. that's going to extend to things like ecommerce we're going to be paying a lot more attention to holiday spending trends. >> 100%. if you look at ecommerce, content, take netflix, for example, they have lost subsc subscribers obviously in the past year. the big thing for them is to focus on how they're going to add back the revenue, and one thing they are doing is obviously the ads here, which are intentionally strong for them i think all of, you know, what management is focused on is consumer demand and seeing that consumers feel comfortable with the current inflation prices, with current inflation right now, prices they have paid, and

that's a big issue for all companies across the sector. >> guidance is important, but it's unclear, it seems like we're a point that fewer companies than normal are confident, what's going to happen with the overall inventory situation, so while they might say something about '23, i mean, what they say in january is going to carry more weight than what they say in october or november, right >> yeah, and a good example of that is snap snap is a company that has not been giving guidance they didn't give guidance last quarter, and there were the same sentiments, there was not a clear picture for advertising spend, not a clear picture, obviously that increased competition from companies like tiktok so i think it would still be important from a valuation standpoint, what companies are saying in 2023 the outlook may shift in

january. it's important now, we're sitting on the nasdaq of 20x times roughly. if that's going to compress, based on earnings, if they believe we're going to dip we have to be able to sustain a little bit of a potential fall in stock prices in the short-term. >> that said, i'm wondering which of the names reporting this week you think is going to give us some o. f the best data. i'm interested in ibm, they've got long-term enterprise and government customers that we should be able to get a sense of what's happening there. >> yes, yes, i think we would get a sense. i'm particularly following what netflix says as well as tesla. i think they'll give us a, you know, a good look at their production, how they're able to get production standing up as well as demand i'm curious to see if subscriber numbers we're told internationally, that will be a big thing, and the earnings has been revised lower about 36%, by

estimates, and i think, you know, a big sign of the consumer to see if subscribers are coming back, people believe in ads, that's going to be a big focus, i believe. >> we're going to get those numbers soon enough. thanks for being with us back to you soon thank you, guys. now, bitcoin, the price of it, been cut in half this year wall street is still diving in more on a new program from mastercard this morning. what it means for the banks, next stay with us - oh, the stock market is doing that fun thing again.

news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing.

despite falling crypto prices, wall street is diving into consumer trading. kate rooney joins us with the latest, and kate, this is mastercard this time one of the middle men that crypto was supposed to disrupt getting deeper into the space. >> there is a little bit of irony with mastercard and visa getting into the space it's mostly been through debit cards and payments this morning, mastercard announcing a program that lets banks offer crypto trading to their clients. it's through an api, and payments will act as a bridge between paxos, the company paypal uses to offer similar services and bankings. hel the company's chief digital

officer telling me despite bitcoin losing half its value, they see demand of buying crypto through traditional banks. >> there's a lot of consumers that are interested in this, and intrigued by crypto that would feel a lot more confident if those services were offered by their financial institutions, 60% says if my financial institution would offer me the ability to buy crypto assets, buy nfts, i would much rather do that it's a little scary to some people still. >> mastercard says a number of banks have signed up but declined to say which ones if wall street does widely embrace this partnership model it may mean more competition for crypto competition like coinbase that has lost 75% of its value since january. higher today, though, more than 10%, guys. >> what i'm hearing is this is layer upon layer they're going to be looking at regulatory compliance and security this is exactly the problem. the crypto was supposed to

solve. what do the crypto natives, evangelists say about this partnership, and by putting so many layers into this, does it kind of defeat the purpose >> it's kind of a catch 22, this industry and this technology fts me was meant to disrupt visa and mastercard, the idea that settlements and transactions could happen without any sort of intermediary i asked mastercard about that, they haven't seen that type of pushback on the industry side, though, it is sort of a catch 22, you look at making something like this mainstream, and that has been mastercard's argument here if you're going to take the industry mainstream and put it in the hands of millions if not billions of people, you're going to need to work with the traditional systems and payment rails and on and off ramps to traditional finance. they have said, hey, partner with us, we'll help you guys make this mainstream, and the chief digital officer there saying essentially it's not mainstream yet if you want to get there, hey guys, you're going to have to

partner with us, and it's sort of this deal they're making. i'm sure there's more crypto evangelists that would say this is not what we had in mind. >> block chain was supposed to take care of that, and you didn't need all of these various parties. in this, there's no commitment on mastercard's part to actually hold crypto assets, right, they're just making money when other people want to buy them, and frankly, you know, if consumers want to buy something, somebody's going to sell it to them, and take a cut >> absolutely, that's been the mastercard stance here they're saying if this is what wee see from our polling the consumers still want, they're not necessarily taking a stance on the viability of this asset class long-term, but they said it's probably accretive to revenue in the long-term if people want to do this and spend this, they want to be one of the rent takers, the middle men here, and paxos is the crypto company they have worked with. they're doing more of the custody side, and taking on more

liability. for mastercard you have to be careful if you're the one making sure companies and banks are foll following anti money laundering standards, and so different depending on what regulatory structure and country you're in, mastercard taking on liability but they say they're ready to do it. >> fascinating, bank of new york melon last week, mastercard this week plot is thickening that's for sure. meantime, cloud flair is 75% off the highs. it may finally be time to buy. we'll talk about why after the break. back in a moment - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing.

and i'm going to tell you about exciting medicare advantage plans that can provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you are covered for hospital stays and doctor office visits but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare deductibles and coinsurance. but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare advantage plan, hospitals stays, doctor office visits and your original medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. with no copays or deductibles on tier 1

prescriptions, and zero dollars for routine vaccines, including shingles, at in-network retail pharmacies. in fact, in 2021, humana medicare advantage prescription drug plan members saved an estimated $9,600 on average on their prescription costs. most humana medicare advantage plans have coverage for vision and hearing. and dental coverage that includes two free cleanings a year, plus dentures, crowns, fillings and more! most humana medicare advantage plans include a silver sneakers fitness program at no extra cost. you get all of this for as low as a zero-dollar monthly plan premium in many areas; and your doctor and hospital may already be a part of humana's large network. there is no obligation, so call the number on your screen right now to see if your doctor is in our network; to find out if you could save on your prescriptions, and to get our free decision guide. humana, a more human way to healthcare. - oh, the stock market is doing that fun thing again.

news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. valuation third time in less than year according to reports 2021 worth $39 billion now just $13 billion. cut by as much as 70%. lyft and doordash by that much instacart ready to go public since last year. we'll see, jon, if the latest haircut helps them better align with public company ises if it does go and when. >> reality setting in private and public markets. a gut check on cloudshare.

upgrading name to overweight price target to $65 a share with shares down 65% since january. the firm calls it an attractive entry point. bullish on the company's broad platform saying it saves customers money in consolidation and could benefit from tech's belt tightening going forward. shares up double digits this morning. yeah don't go away. thro about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing.

- oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile.

that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... see how easy it is to save hundreds a year on your wireless bill over t-mobile, verizon, and at&t. talk to our switch squad at your local xfinity store today. our internet isn't ideal. my dad made the brillant move to get us t-mobile home internet. -which... we have to share our signal with the entire neighborhood. yeah, now we do some weird things to get our speeds. well... i'm up. -c'mon kids. this sucks. well if you just switch maybe you don't have to be vampires. whoa... -okay, yikes. oh sorry, i wasn't thinking. we, uh, don't really use the v word. that's kind of insensitive. we prefer pro-lunar. yes, much better.

china's talent pool could see cuts as part of the administration's new semiconductor regulations u.s. citizens cannot support u.s. chip development without a licence. journal estimates at least 43 senior executives at 16 publicly listed companies could be affected including several c suite level employees. companies suspending workers like kla, lam and china based firms. not stopping from adding taiwan expect the double-digit growth an analyst joining us tomorrow interesting, jon a lot of discussion about china and the under-investment made in their middle class hard to see where they source the tech talent in years ahead. >> near-term definitely seems positive for tsmc in that, hey, going to continue to need chips

from taiwan. china's not able to spin up its development. but got to wonder, de, what the next shoe to drop is how does china respond to this in a tightening global economy a their still raging ambition to do it in this country. >> key when will we see that? haven't so far and what everyone's trying to figure out. if we see it, where, how, a big question for the chip space. quick programming note heading to break just over a week away from cnbc's first-ever top start-ups for top ratings, pow ering digital transformation according to tech executive council's find out more at cnbc.com/tec back in just aomt. men y. this is connecting your people and content in one place.

this is the system you built to transform your business. this is how. airtable. at humana we believe your healthcare should evolve with you and part of that evolution means choosing the right medicare plan for you. humana can help. with original medicare you are covered for hospital stays and doctor office visits but you'll have to pay a deductible for each. a medicare supplement plan can cover your deductibles and coinsurance but you may pay higher premiums and still not get prescription drug coverage. but with an all-in-one humana medicare advantage plan you could get all that coverage plus part d prescription drug benefits. with no copays or deductibles on tier 1 prescriptions. you get all this coverage for as low as a zero-dollar monthly plan premium in many areas. humana has a large network of doctors and hospitals. so call or go online today and get your free decision guide. discover how an all-in-one

humana medicare advantage plan could save you money. humana, a more human way to healthcare. - yieldstreet presents: alternative investing with kal penn and older kal penn. - oh, the stock market is doing that fun thing again. - hey news from the future, you're going to live through that about 10 more times. (laughs) - oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh. i think some of my gray hairs just reversed. - yeah. you're welcome.

- [narrator] become an investor today. yieldstreet: private market investing. the hiring process used to be the death of me. but with upwork... with upwork the hiring process is fast and flexible. behold... all that talent! ♪ this is how we work now ♪ one for thing before we go less than 24 hours away from the adobe mac's creativity conference live on site in l.a. discussing the business with ceo shan'tanu,

shares down nearly 50% like so much of tech a month since announcing $20 billion acquisition, planned acquisition of figma, that hurt shares, de, because people think that adobe is overpaying hear more of the strategic nationale. >> and adobe coming at it from a position of weakness had to do versus want to do. i know you'll disagree. >> no disrespect adobe, carl, a huge enterprise software company that's had a lot of success you know, got to be paranoid but not, like, scared of canva. >> fascinating to hear markets voted one way. i imagine try to explain how he's take an longer view and maybe didn't have a choice but to start to get aggressive about rivals otherwise, jon works have crept up on them like a frog in

the water. >> yes creeping like a frog an al grlialligator, certain am of -- >> i like how you put it, carl, maybe offensively. >> anyway, the week getting busier with big names printing beginning tomorrow goldman in the a.m get to the half. thanks very much welcome to the "halftime." scott wapner front and center this hour. a rail and one of the street's most notable bears thinks stock can make a bigger run. we debate that with the investment committee joining me, our panel. check the markets. just past 12:00 noon in the east and hanging on to a good day today. good for 550 dow s&p 500, nice gain 2 2.75%. and 395 is