conference call has ended. there were condition concerns with the conditions to the loan loss provision and they had strong loan growth so they felt like they had to reserve more for that. they say hey we feel really good about what our growth plan is so far. that does it for "squawk on the street." have a great weekend, everybody. "techcheck" starts now. >> good morning welcome to "techcheck," i'm carl quintanilla with jon fortt and julia boorstin shares of snap down 40%. dragging down shares in the space, meta, pinterest all lower. and "the washington post" reporting that musk could be planning to slash the workforce by close to 70% but the government reportedly taking a look at musk's investors we'll see what that means for

the deal which is expected to close in a week. >> you never know. let's start with snap what it signals about the broader market snap's revenue grew just 6% year over year. net losses surged by 400%, probably because of the cuts they're making in response management saying they are finding our advertising partners across many industries are decreasing marketing budgets that is happening as demand falls and inflation remains high earlier this week, ibm and at&t said they're seeing strong demand, netflix echoed that message but the ad supported model -- next week we'll get an understanding of advertisers from the consumer when we hear from the enterprise side, microsoft, and the luxury consumer side, apple and meta and alphabet

and carl, amazon stretches across a lot of those. you look at the stocks this morning, snap is down 31%. pinterest is down 9% julia, across all these names, roku which has some ad exposure, down 6 there's a lot of concern about how much marketing budgets are pulling back >> interesting, because snap gives this very precise look into what has happened in the quarter so far talking about three weeks into the quarter in what snap has said so far in the quarter, ad revenues up 9% they expect things to drop off so dramatically, the overall quarter they expect to be flat with last year this is a company showing decelerating revenue growth but to end up flat is much less than analysts and investors have been looking for. now seeing the stock down over

31%. i think there's a concern that the holiday season, which is so important for advertisers and ad supported platforms. we'll see brand advertisers in particular pull back and anyone with the director response component will have an advantage. in addition to the overall ad contraction that everyone is seeing this question of navigating the ad targeting challenges due to the apple change, and try to figure out who's best overcoming them. >> we talk about the ad slow down as if it's happening in aggregate. but today interpublic raising revenue guidance for the remainder of the year. isn't this more about share loss >> interesting, we talk about with snap and the other digital ad players it's easy to turn on and off the advertising. brands can say i'm canceling my advertising right now.

it's very different than say the tv ad market where people are making commitments months in advance and those are locked in. the other thing is the question of which brands are trying to use this economic downturn as an opportunity to gain market share and which ones are going to be really hunkering down, brand advertisers may not see the upside so they'll hurnker down. so the companies that can measure their ads and how well they're working they're the ones promising the roi. i've heard how the targetedvideo digital ads, ads on hulu, peacock, netflix those have an opportunity because they have the reach of a tv platform but the targetability of a digital platform. >> isn't a big part of this the huge section of the digital ad market that was about customer

acquisition and direct-to-consumer brands use this a lot it's broken. it used to be for a certain number of pennies you can expect a certain number of dollars worth of customer acquired and revenue generated and now it's more expensive to go through that targeting process because of, in part, what apple and ios has broken and therefore that effort to brands is shifting into more traditional or known quantiti quantities you're more likely to advertise on an amazon where you know people have come to shop or go through google where the search intent is a lot clearer. >> it's all about capturing the intent the thing that was revolutionary about facebook and the others, you could measure return on investment, target and measure impact that's what's been seeing this massive upheaval because of the apple operating changes.

remember in the last couple of weeks meta announced new ad formats, they're trying to find new ways to work around the ios changes. we're going to see everyone put their full force of companies around work arounds to make the ads more effective this holiday season but there's also the question of trust, brands what to do what's working and they're experimenting with tiktok. we've seen increases in volume of activity on tiktok. the roi there may be less precise or less understood but we're seeing brands want to experiment in that space because that's where the excitement and the heat is, they want to make sure their other ad dollars are getting a measurable roi. >> tiktok spending its own money trying to acquire eyeballs and we don't necessarily get a look at that because they're not public and releasing those kinds of reports more on snap's future as a social media giant

platformer editor cnbc contributor casey newton, author and contributor alex canterwitz. casey, not too many months ago, snap was saying we're fine with this ad targeting stuff. ios changes aren't going to affect us that much. this, kind of like a weird second wave that's hit these companies. what does it mean? >> well, i think there's a second problem that snap has here, right. which is that people are watching their friends' stories less and less so the best place snap had to show you an ad was in between stories to see what the people you know are up to. they're just not watching those anymore because so many people moved to tiktok. in addition to that, at&t headway, you have the fact they have less inventory to show it's really hurting them. >> alex, in a way you wouldn't think that would be so painful

to have less inventory when there's fewer marketing dollars to demand a price premium but they can't how long do you think it lasts >> i think for snap it's going to last a long time. for the next few years we might look at this as the good old days for snap. we're not even in a recession, the ad dollars are going to dry up more. this is snap's ability with a move by apple to give it this opportunity. snap is saying, okay, we don't know whether these changes will hurt us that much. that was a factor of facebook ad dollars coming to the platform to see if it could replace it? ultimately it didn't deliver for advertisers and that's why we're seeing the weakness now. that's unfortunate to snap and its business. >> thinking back to days where ad executives said their ad model, infrastructure, isn't up to par

then that seemed to change, much like twitter, at least in the view of some had gotten some of the kinks out. also the idea, remember the early days casey where evan would zig where orthers were zagging. they were camera focused, in l.a. >> this is a creative company that's done a lot of innovation, it just hasn't done a great job of capturing the financial upside of those innovations. something i think is really concerning here is this company leaned hard into ecommerce over the past couple of years telling us how augmented reality was the future of shopping now they're stripping that stuff out of it, they're much less focused on it. that seemed to be another way to diversify away from ads and doesn't seem like it's going to happen any time soon now >> twitter down today on reports that the biden administration is weighing a national security

review of elon musk's $44 billion deal in part due to his foreign investment team which includes a saudi prince plus musk is planning on cutting 75% of the staff if he were to take control, that's according to "the washington post. the white house said they're not aware of any such view i wonder, there is this lingering narrative for some, in some way, elon is prodding the government to save him from a deal which people say he doesn't really want. is that too fanciful >> i think it is a bit too fanciful elon does have lots of connections in the u.s. government spacex is a big government contractor so say elon is calling in favors to get himself out of this deal. i think a u.s. government review that would end up making this deal not close would be an extraordinary move at this point i wouldn't put anything past musk and any

possibility out of reach in terms of what's going on in this deal but that would floor me if that happened. >> casey, as for the reported plans to gut the staff, company says no plans for layoffs as of now. the times mike isaac last night said that's the kind of thing you say where you want people to quit so you don't have to pay them receive rseverance when you let them go? >> yes elon said a lot of things and seemed like he spent about 10 minutes combined thinking of any of it. i think there's a world he shows up on day one as twitter owner and realizes he's going to need the 50% of the team that he wants to fire in addition to the 25% that twitter wants to fire so twitter does need many more employees than 25% of their current workforce to keep

current, safe and useful. >> but does twitter need exactly the employees it has to do that. i think back to steve jobs' return to apple. he slashed staff cut a lot of projects. revenue ended up taking a major hit to focus it. twitter is not apple but even if he didn't cut that's not to say he wouldn't try to hire from there and he's going to have a lot of costs to cover. i don't know if that speaks in favor of cutting staff or in favor of having a product that can at least sell something to bring some revenue in. >> they're going to have to cut some staff i think that's absolutely the case i just think the problem for elon musk is, he's never run a social network before, an internet service, unless you want to say that paypal and twitter are similar. he needs people with expertise

in this service if he wants twitter to remain useful and maybe make money some day. >> do you think elon musk is going to be able to deliver on the promises he made about building, you know, growth in the user base and the membership angle and all of that given the times we're in >> well, building user base is one thing. building subscription revenue is different. i think the subscription side it's really struggled, even elon was ragging in it texts with jason that came out recently i think the goals are extremely difficult to actually hit. i will say, we're about to go through a period where it's going to be much easier to find tech workers than it was the past two, three, four, five years. and if elon has a vision and opportunity to recruit talented people to building the product, i think there's a chance to see some innovation. but i agree with casey, doesn't seem like he spent time thinking

about what he wants to do. he wants to build an app for everything, what does that mean? i think it's tough for elon musk to achieve those goals >> alex, casey, have a great weekend. thank you very much. >> thank you elon does thrive in that zone of very difficult after the break, an upgrade of data dog, plus much more on snap's quarter "techcheck" will be right back welcome to ameriprise. i'm sam morrison, my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors the garcia's, love working with you.

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let's check opal low aalto networks initiating with an overweight setting the target at 220, bullish on the top line growth calling it the most comprehensive nextgen security network on the market. out performing on the year so far. >> staying on enterprise, data

dog. upgrading shares to buy from hold naming them one of the best stocks to weather a beaten down software tape. on that note we have enterprise, data and cloud stocks reporting next week. look out for microsoft, qualtrics. let's bring in kingsley crane. how much of a read through is there from ibms surprisingly to many positive quarter into the stability of enterprise software >> right we all created data dog yesterday morning we think it's one of the best platform plays in software. to speak on ibm, i think it bodes well for the rest of the infrastructure names this quarter. we typically view these businesses as very durable

and the demand for them is very durable from customers. >> i wonder what happens to government demand, given all of the stresses economically that governments are facing i'm thinking particularly about europe, but not just europe. and also what happens with some of the smoothing out of infrastructure demand during holiday? not only did we hear from adobe and their forecast they expect not so much spikes but in a way this snap forecast seemed to suggest that, you know, customer -- consumer demand might be weaker than usual does that read through infrastructure at all? >> that's not what we've seen. we've seen, regardless of the demand for the end product that the infrastructure is continued to grow the underlying data is continued to be important, and the consumption models have

encouraged ongoing consumption >> one of the things that stands out is your view that the deceleration is probably too pessimistic. it's kind of a framework for how some are viewing the quarter, 3q across all kinds of sectors that it's never as good when you think it's going to be great and never as bad when you think it's going to be miserable. how much is sentiment and positioning in your view >> we think that sentiment had gotten overly negative growth deceleration is dominating the narrative for d datadog. but i think what's important customers want to get value out of their spend it's not sustainable if anyone is wasting spend we think it's equated with an end to growth but it's really healthy for the ecosystem so we think datadog can grow mid to

high 60s this year and 40% next year and with the stock coming in it can be rewarded again for growth out performance. >> all right thank you. still to come this morning, instacart pulling the i.p.o. after several valuation cuts what's the next headwind for tech, we'll look at impact the currencies are having on earnings so far this quarter stay with us

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and refi with sofi. you could save thousands and pay no fees. go to sofi.com to view your rate. sofi get your money right. michael is back. and he's more dangerous. maybe the only way he can die... is if i die too. [ screaming ] welcome back to "techcheck," i'm carl quintanilla with jon fortt. a check on the border markets this friday. looking for surprises in the back half of the session another check on snap as we look at the broader market we are off the session highs, quite a nice

decline in yields this morning, dollar got close to $1.14 on the index. a lot to watch today. >> snap still down, ouch, a little more than 30% as the nasdaq is flat and an ad slow down, speaking of snap, a major concern for investors today. but as we look ahead to a lot more tech earning next week, we should also pay attention to that strong dollar cnbc's steve kovac has more on the impact steve? >> it's not just about ad. that strengthening dollar is one of the biggest headwinds affecting all megacap tech names reporting next week. these are multi-nationals that generate a lot of sales outside of the u.s and a cascade last quarter how foreign exchange will put a wet blanket leading to moderate growth for microsoft, apple, meta

apple, the cfo warning last earnings that foreign exchange will put a damper on the company's best in class margins. for meta, warning about a 6% drag in sales in the metaverse division, called reality labs. that already loses $7 billion a quarter by the way the microsoft the most exposed with the cfo saying last earnings expect a 5% hit to overall revenue growth what are the companies doing for apple, for example, they started raising prices for the iphone 14 and earlier this month in the app store across the eu and south america and asian countries where the dollar is the strongest. meta raising prices by 100 bucks on their cheapest device and companies without power are

cutting costs where they can microsoft and project cuts across google are two examples there. the good news, foreign exchange is predicted to be more favorable after we get through the end of the year. for example, microsoft's hood telling investors last quarter, foreign exchange should ease up in the spring and summer of next year, guys >> do you think that fx, strong dollar is going to factor into expectations, both the facts that expectations have been lowered going into this print and ibm benefitted from that, even though they had headwinds, they still outperformed. so we're in q4 now, so the guidance is going to be important here are the expectations low enough, are they used to the strong dollar, are their hedging strategies good enough it might not be as strong as you think. >> i think for the softer names or divisions for some of these

companies, like apple, they're going to be facing really tough comps, foreign exchange headwinds. microsoft, like i said seems to be one of the most exposed here. and they've already given the warning that look, we're going to have growth but it's going to be more modest growth. to your point like we've seen so far early in the season, the revisions have gone down for many of the companies or they've kind of tampered or moderated their expectations in order to at least show a beat i was reading a morgan stanley note earlier this week saying they expect apple to be above the modest expectations. >> fascinating to see even if the dollar just stablizes. i wanted to ask about the report of their industrial design chief leaving and what that might mean for their future on design.

>> i confirmed with apple that she is departing so she took over the design group, but i don't want to diminish her role but she is not -- she wasn't at the same level or senorty or didn't have as much influence as johnny ive did. when he departed shares fell like 1%. look, the design group is huge there are dozens and dozens of employees who work there, it's not just one person anymore. that's been the game plan since even before johnny i ve left and he started taking a backseat they're going to keep designing products but it is a bigger group than one person these days. >> fewer articulating arms and blue dalmation designs than in johnny ive's hay day

one might argue that since the latest success, designers have less to do. >> our colleague was pointing out, the only product from product that got thinner and lighter was apple tv so it's less johnny ive through all of these products. >> hard to follow a legend like that let's get a news update with dominic chu. >> here's what's happening at this hour. new data from rent.com shows the median rent price dropping down 2% in september from the month prior. rents are still higher than this time last year, but there are signs of a cooling market as well amongst the largest markets, cincinnati, columbus, ohio, saw the biggest month over month declines shares of american express are down despite a solid earnings

report am ex chief financial officer told cnbc that europe was the biggest surprise with strong performance in the uk and germany as well. and tiktok is denying that it used specific location data to track users this comes after reports that the china owned company was planning to monitor certain u.s. individuals' locations tiktok said the company does not collect precise gps data and has never been used to target any users. let's turn to a brutal year for i.p.o.s. now instacart is cutting staff, and reportedly likely to pull the i.p.o. plan this year. they've raised more than $7 billion in 2022, compared to a record $154 billion last year. even jon, as we continue to get indications from some banks and

exchanges that at least the pipeline remains somewhat healthy going into "23. >> this is significant to me because instacart was one of those names that looked like it was going to go public, even though it's not the best environment. sort of expected they seem to need the capital, at least for employees to cash out. if they're pulling this, what are the implications for instacart, what are they doing capital wise, who's the first out? that sort of raises the stakes, carl. >> pretty fascinating, especially given all the anticipation built around that particular offer after the break this morning, mercedes formula one boss from drive to survive, george curts weighs in on economic conditions and that sport the do you is back above 300 our healthcare should evolve with you and part of that evolution means choosing the right medicare plan for you. humana

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welcome back as the f 1 grand prix gets under way in austin, texas this weekend. we sat down with the principal and ceo, they started working together with mercedes approached crowd strike as a customer but their relationship

developed. >> you guys approached him as a customer first what were you seeing in the space in terms of cyber threats that led you to crowd strike >> as a science-based organization obviously we're trying to associate ourselves with the best players. and this is far beyond a marketing relationship it is really that we need to have the best technologies for us to advance with our cars. and crowd strike is the best in that space we have enjoyed a great relationship, scientific and also human relationship over the past two years and we couldn't wish for a better partner. >> the economic uncertainty and cost cutting says his return on investments goes beyond having a name on the car, it actually generates business. >> cyber security, which has been, you know, more resilient than other areas of enterprise tech over the past year but this is also a moment where a lot of

ceos as we talked about are looking at their costs ways to become more efficient or rein them in. what's the business case for continued spending in f 1 racing. >> you have to look at f 1 as a platform, this isn't just having a name on a car, it's how you generate business. one thing we've done well as a partner of mercedes and being part of formula 1 is have customers and bring them to a round table. there's no hotter topic than to get people involved and talked about it that's the beauty of the sport you have to work on the activation and you have to look at the return on the investment. i tell you we would not be in formula one if we didn't see a positive return and we've seen many, many positive returns based upon what we've been able to deliver from the customer

persp perspectives. >> f 1 still very expensive, a premium product for everyone, teams, sponsors and fans but wolf said he hasn't seen a slow down in demand, doesn't expect there to be any next year check it out online. as we go to break, looking at snap again. still losses hovering in the 30% range. more on how you might want to play it and the rest of the tech sector when "techcheck" is back in two minutes

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♪♪♪ there's no going back. turning back to the stock of the day, that's snap down 31% post earnings dragging other social media stocks down with it our next guest cuts target down to 10 for snap but saying it's in a position for eventual recovery lloyd, great to have you back. why the faith that things are going to turn around >> yeah. so it's not necessarily a call near term. things will turn around. it's more once we get into the other side of whatever this recession we're in or going into we think they're well positioned to grab share on the other side

of this as digital advertising growth comes back, they've cut a lot of cost out of the business so they should see strong margins on the other side of this. >> do other things need to go right besides a reversal in what is a macro down trend? >> yeah. they've done good job in terms of driving user growth so they've checked that box but we've seen time spent in certain markets like the decline year or year, i think they need to see that improve over the median term i think there's positive times they can do that, they've been through a restructuring before around the app redesign and did that so there's a track record here they can do that. >> which has more upside, snap or meta, in the medium, especially if they cut some, just a hair, of that spending they're doing on the metaverse

>> look, i think they both have the potential for a lot of leverage again, in an ad recovery, the difference is snap's already taken 20% of their cost out of the business already and we've got a history of discipline they did this in 2018 and '19, kept costs low after their ill fated redesign with meta, it's just not as clear, you know, how much they're willing to cut costs in general and specifically around the metaverse. they changed the name of the company to meta. it's clearly a passion project for mark zuckerberg. it's to be determined whether or not they can actually show more discipline on that investment. >> if twitter were remaining a public company and cutting 75% of its workforce, would you think it would make it more competitive or less? >> i think it would be interesting -- it would be

interesting, only, implications on profitability but i don't think that's necessarily the right thing to do for the long term health of the business >> you know, we had evan on our show, somewhere during the quarter where they did talk about the reacceleration that they saw, i think it was in august which got a lot of hopes up going into print i wonder if you think less guidance from them in the medium term is better than more >> i think you're right. i think less is more, in fairness the company is just trying to provide some transparency in an uncertain environment. but it definitely created the basis for what we're seeing today. the bulls on the buy side were hoping the plus 12% growth they saw in august could actually improve into september because comps are easier instead it went to plus three in september. so we're moving in the wrong direction. and that creates this added

level of volatility. >> speaking of moving in the wrong direction, what do you expect to see from alphabet's youtube next week? it sort of looked shaky for a while. but there seems to be some movement toward more tried and true advertising channels. how does that affect youtube and alphabet overall >> yeah, so i think on the search business overall, they're well positioned in an uncertain environment. like search is the last place you cut. youtube is i think at risk it has a fairly high mix of brand ads. that's part of what was weak at snap so werne are nervous about the outlook for snap and q4 and search we're decently below the street for 3q, 4q and next year. what's helpful in this case is, i've never seen investors more

expecting of a miss from google than we see today. so it's widely anticipated, that search revenue misses in 3q and numbers are too high so we're in a much better spot it feels like than heading into snap where there was more optimism of numbers. >> speaking of meta and alphabet i wonder if you think we have seen -- they've talked broadly about efficiencies and cost reduction. but do they formalize and get more granular on head count this quarter? have we seen peak headline on what we expect to be a wave of tech layoffs >> i think we'll get more color. facebook traditionally gives an early op ex, guidance reporting 3q so we expect it to show more discipline than what we've seen in the past. we've talked to recruiters in the valley who talk to, yes,

they expect cuts outright at facebook there's been pressure of the company getting employees to find another role at the company. at google i feel less confident. i think we'll hear more discipline from them, i'm not sure it will be outright cuts. they have shown discipline if you go back to 2020 as well as 2008, 2009, they've been able to cut costs or at least flat line costs in tough economic times. this time maybe it's actually cutting, but i think it's safe to say they will be significantly more disciplined in the next year >> yeah. well, you can't wait for next week get our arms around some of those reports. lloyd, thanks so much. good to see you. >> thanks for having me. still to come, meta laying off shuttle bus drivers as part of its cost cut. that story on the other side of the break.

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pickups in the supply chain having a big impact on e-commerce flexport this year's top company. julia, you've got some highlights >> yeah, that's right. i went down to the port of oakland to talk to ryan peterson, the co ceo of flexport flexport which helps its customers navigate the supply chain for more cost-effective environmentally sustainable shipping gives those customers data to track and manage their deliveries peterson had some good news for those shippers and consumers this holiday season. >> we've seen huge improvement both at the port in terms of congestion the number of ships waiting offshore has improve, and i think most importantly for the

companies shipping goods, the prices have come way down. where the price of shipping a container from asia to the u.s. has come down 24%. so that's good overseas and ultimately if the consumer >> it's the key prices for shipping prices. falling to around $3,000 today quite a decline there. take a listen. >> demand has come way down, and the reason for that is pretty simple people are starting to go out more, travel, go to restaurants, meet in person, go to conferences, and that is -- they only have so much money to spend. they're spending less on goods there's less goods being shipped and less demand, so some of the backlogs have eased. >> reporter: petersen is transitioning out of the ceo roll at flexport his co-ceo, amazon's head of worldwide consumer, will take over for him in march.

it's valued at $8 billions and forecasting $5 billion in revenue this year. petersen he'll take the company public the question is when >> when is a big question there, and i remember speaking to him some time back and he was frustrated even though the freight costs were high he wasn't able to serve a lot of customers, so it was like good that prices are high but bad how is that balancing for him now, and what do you view as the next challenge on the horizon for them >> well, i think it's really interesting seeing some sort of supply and demand, the fact there weren't enough ships and more ships were ordered and now there are maybe too many ships or more ships than necessary also if you have to look at how all these shipping delays play into inflation and that's a piece of this and how you look at fuel cost and that's another piece of the shipping cost what's interesting to me here, carl and john, is how data so

essential. flexport is all about using data to maximize capacity, make sure every one of those shipping containers is 100% full instead of 70% full and using that so you always know where your products are >> pretty remarkable piece in "the wall street journal" today looking at the number of ships have collapsed we're trying to get back to ssseion highs. tech check is back in a minute ♪ ♪ connecting to opportunity is just part of the hustle. ♪ ♪ opportunity is using data to create a competitive advantage. ♪ ♪

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one more thing before we go, meta planning to cut back on its shuttle usage as more employees opt for remote work, prompting vendors to layoff their workers. our own jennifer is here with the future on those contractors. hey, jennifer. >> hi, how are you >> good. talk to me about -- i mean i remember controversies about the google bus years ago what's happening here? >> yeah, so several companies

that contract with meta have basically said that starting in november they're going to be laying off a massive amount of drivers and workers related to the shuttle buses that commute in employees all around the headquarters of meta, all around san francisco bay and basically saying that it's due to their client of meta reducing drastically the services for employees. and so this is going to affect a lot of local workers some of whom are in the service industry >> jennifer, i find this so interesting because it's about the economic impact a couple decades ago when a company got big the lunch places around the campus did well, the dry-cleaners did well. but then there was this movement to focus inward on just the campus and do everything for the worker inside, and it was, you know, more about the little contractors on campus. now even those contractors, the shuttle bus drivers are getting hurt couldn't this be bad for tech when they need something from

the community? because the community maybe isn't getting the benefit. >> right that's true. and that was such a big deal for companies operating in these cities they were able to get community buy in from employing a lot of these -- these service workers and so now, you know, they're actually trying to fight back against these cuts and saying, wait a minute, it's a really difficult time to live on our salaries with inflation and gas prices, this is the worst time to be cutting us thank you for paying us through the pandemic but we need jobs right now and you need to ask employees to come back to the office, which is also interesting because it seems like it difficult ask for the workforce given the flexibility needs. >> one more halo effect of returning to work. jennifer, thank you. john, it kind of does bring us to what we're going to get next week and that is google and coke

and microsoft and ge, and that's next tuesday alone >> it's a local story in silicon valley but also a broader story for whole economy and perhaps get a sense how you said how that's playing out particularly when it comes to cloud, microsoft and amazon reporting >> meanwhile daily with some pretty dovish comments on the take vix 29 have a good weekend. let's get to the judge all right, carl, thanks so much i'm scott wapner front and center this hour the critical week ahead for your money as tech earnings loom large. who's likely to deliver and who's likely to disappoint with me on set here. let's check the markets, got a pretty good friday going here. dow is good for 450. that's 4.5%. nasdaq 1%. getting a little bit of rate relief today the two-year at