a lot of rumors out there that this national security matter is related to potentially chinese espionage, you can get there very quickly to tiktok crackdown on tiktok. if that were to be the case, pure rumor, would be beneficial for the likes of meta. that does it for us. "techcheck" is next. >> welcome to "techcheck" i'm carl quintanilla with deirdre bosa and jon fortt a series of upgrades and downgrades today we'll parse through those calls and bring you the names the street thinks you might own. a cnbc investigation finds the former ceo of google made investments made ai while chairing a commission. and big tech versus recession, deep dive on alphabet, meta, apple and microsoft.

let's dig in, it's a big week ahead of for tech two companies i follow closely, amazon and alphabet, a sense they've been already taking their medicine this year amazon built too much over the pandemic, acknowledged that earlier this year. resulted in many billions in costs to rebuild efficiency. also that giant cloud business key question, will that remain resilience alphabet also a big cloud business, not as big company has stopped short of job cuts but shopped short of hiring they said a few months ago they were focused on becoming 20% more efficient, ad model seen more resilient than meta or snap i like how b of a put it this morning in terms of the broad term teches saying these are the best companies in the world, best brands, strongest financial

models, balance sheets in the world, so this week is going to be very, very key for the direction of the broader markets. >> this is not a good macro. 20% more efficient number you mentioned that they want out of alphabet there's the 20% again, a shot across the bow they haven't announced cuts but there are a limited number of ways to get to 20% increased efficiency, echos snap's 20% cut, and echos what brad wants out of meta, facebook, at least 20% head count reduction on top of reduced emphasis on the metaverse. reduced spending on the metaverse. so these are companies trying to slim down. i think the question is, carl, is this the end, right getting them fit, headed into difficult times or is this just the beginning? if q4 ends up difficult. if '23 ends up difficult, do

they have to slim down more? >> we'll talk more about the brad gersner letter but like many other companies in a zero rate world, meta has drifted into the land of excess. too many people, too many ideas, too little urgency it does sound more like the beginning than the end. >> you forgot jim briars, remember he told us he took a 20% hair cut to his portfolio companies. you're asking is 20% enough? that's probably what we'll find out this quarter but maybe in the first two quarters of next year too that could look worse. >> it could. speaking of meta facing criticism from an activist we just mentioned ahead of earnings they're facing all kinds of challenges mark zuckerberg doesn't have to listen, though i mean, this is a company that's controlled by one man. julia boorstin joins us with the latest >> after snap's earnings raised major red flags after a

dramatically slowing add market, there are growing concerns about what we'll hear from meta when they report their earnings on wednesday. that stock is up today about 1.5%, but meta shares down about 60% year-to-date these details prompting brad gersner, which held 2 million shares of meta to write an open letter with recommendations to write what he calls the company's mojo back. asking to reduce headcount by at least 20%. cap exby at least $5 billion and to limit investment in the metaverse and reality labs to no more than 5 billion per year about half of what meta is investing right now. mark zuckerberg does control the voting shares at meta. so he decides what happens but gersner said he wants to engage with meta management. we reached out to meta, haven't heard back yet

all thisas bank of america downgrades the stock warning while expectations through next year have been lowered they expect budget cuts to weigh on sentiment and drive added uncertainty in the wake of apple's ad targeting limits and the company's transition to try to make money from reels. >> also comes ahead of an anticipated ar headset from apple. while everyone is telling mark zuckerberg to rein in his spending with that's on the horizon, so how likely will he listen, pull back cap ex by 5 billion? >> that would be a dramatic pullback for meta right now. this is a company trying to juggle the long term plan of the metaverse and the near term fact that not only are advertisers fulling back but demand for the expensive headset they just unveiled may not be as robust as

they hoped so i think this question in the health of the consumer is going to weigh on every company we talk about on the show, dee. >> context is important, julia and i think it's important to point out how much these companies grew over the last couple of years. it's not like during the pandemic era they just sort of maintained their head count. a lot of the -- snap is cutting 20%, but it's just kind of cutting back what it grew in the last, what, 18 months, and gersner makes the point that cutting 20% of head count expense for meta would be going back to what early last year's levels these are not dramatic cuts off of where these companies were a couple years ago it's just kind of scaling back what they thought they were going to be able to grow into. >> 20% sounds like a huge amount but if you look at how many people they've been adding every year and the mad dash to draw

and reflect talent and a competitive market for talent. everyone was trying to add engineers. but these are companies that grew during the pandemic, saw more people spending time on their platforms, saw advertisers shifting over. now we're in a different kind of market and the question is are we going to see growth come to a halt, see revenue flat and what is the outlook for next year i think the focus for outlook is key. snap said things are amemurky. it could be murky for meta as well. >> how should you be invested with this information in mind? let's bring in michael nathanson. great to have you. coming off snap last week. i know you had an advertising day not too long ago is it a matter right now of agencies seeing clients turn the spigot off >> it's complicated. they turn the spigot off in some

places and on in other places. snap is the victim of a lot of missteps i would not read across snap's woes for the entire industry we think search is going to be fine, amazon we don't cover but is going to do well on advertising. but clearly social and video and places impacted by apple's changes are going to suffer. that's been the story all yearlong but it's very complicated. it's very nuanced answer it's not simply run away from all things advertising at this point. >> how do you think the discussion needs to go regarding costs and expenses and efficiencies and head count? how much can you cut without sacrificing the innovation you need for tomorrow? >> it's interesting. when you guys were talking i pulled up our meta model to your point, if you look at meta, they grew 12 million, if they roll back to 20% as the letter suggests they're going

back to where they were in 2021. if advertising is flat, it seems log logical, all these companies grew quickly during the beginning of the pandemic. this is a reset to go back to mid pandemic there was so much growth they all thought, and we did, too, the street we really thought 2021 was sustainable and you realize it's not sustainable. so i think there's room for cutting. so before someone downgraded the stock, we think there's a story here to be heard on the cost side we want to hear what they're thinking in the past, meta has been responsible. they fought through slowing down spending and we'll hear what they say wednesday on their outlook on cost. i would expect an allocation on slowing costs. >> i go back to brad's note, he talked about what they need to do but near the end of the letter he talks about the investment that mark zuckerberg should be putting into artificial

intelligence versus meta or maybe part of the metaverse. and i wonder, do you think that meta can actually do that? you think of someone like alphabet, he's been talking about ai for many years. how difficult is that to shift that is that good for their core business model >> i they're trying to use machine learning and artificial intelligence to make their products better. that's part of the pivot into reels. if you listen to the's discussion about what they're trying to do with their mobile products they're trying to create video that's more of a discovery driven product versus friends and family referrals they need machine learning and ai to make the pivot i don't think on the outside we can judge the level of investment on ml and artificial intelligence but you have to think they know what they're

doing and it's part of a road map they see clearly telling mark zuckerberg how to do his job when it comes to investing in technology is not something i want to do >> and i guess not something he has to listen to either. but he has the option. michael, trying to put myself in theposition of investors here when it comes to these companies, particularly meta, alphabet, snap this 20% cut that's either being implemented or proposed or thought about in all these cases, it seems to me that's not big recession footing, that's just no big surge footing. as you were eluding to earlier the question i think i would have as an investor, is this the end of the cutting positioned for a potential difficult time or is this just the beginning in case this is a brief recession, just kind of a rough beginning of '23 they can suck in the gut

and continue forward which do you think this would be for the ones planning the 20% cut? >> i like the sucking in the gut reference. i think this is a reaction to 2022 not developing the way the company thought. 2021 was a record year i think they have to take nips around the edges but i don't see this as going out of business reduction of expenses this is a reset, probably a realignment of costs meta has been hurt by macro, by apple's changes and also pivoting to reels, a new product for them there's a lot of things going on, a lot of headwinds get to '23, hopefully the macro starts improving in '23. i don't think this is a major reset of expenses. i think this is getting the company right sized for a disappointing year off two

amazing years before that. they misaligned their costs with their outlook. >> interesting, we think about tech companies, michael, and we sort of expect them, i don't know, to be more hyper efficient or more granular or quick to adapt than the legacy industries yet the pull forward the last two years, has proved that the giants who are good at scaling can be taken by surprise. >> look at snap, how badly they missed estimates every quarter these are advertising driven company, advertising is hard to predict. it's cyclical. in ' 21 and '20 there were so many runoffs because of the pivot because of the pandemic. we cover the space because we cover media, we went from media to digital, our natural strength they're tech companies but it's a cyclical business, right it's just reality. >> yeah. lessons come hard.

we'll see what happens but this is a good way to help us frame what we're going to see soon thanks, talk soon. still to come this hour. one tesla cuts prices in china what does that mean about the competitive landscape. and two, we'll discuss whether it's time to buy the dips, which have been painful this year. nd> and three, j.p. morgan picks an uer the rally name here "techcheck" just getting started.

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tesla cutting prices on the model 3 and y in china just months after raising prices. those cuts coming after they reported a top line miss in 3. elon musk reporting that china is experiencing a recession of sorts. shares hovering around the 200 level. >> a major performer over the last month or so markets more broadly are choppy this morning, off their highs from last november the next guest says to buy into the bear market rally but ahead of earnings he has worries about microsoft noting it has broken the trend, and could face a selloff following a larger

rally. joining us now sven henric break down that microsoft chart for our audience because it's been resilient this year what would it mean for the broader markets? >> hi, good to be with you we've been pretty constructive on microsoft because it's held above the weekly 200 day moving average. yes, it's broken its uptrend this year but in general has a solid chart structure. have risk into the 200 weekly ma down to 212 but so long as the channel holds it can rally with the market i see a lot of constructiveness in the technicals, vis-a-vis the june lows because they've failed to sustain new lows. you want to see the internal behavior in the market so there are still risks with yields and earnings, obviously, but generally as long as we hold above those 200 we have room to

move higher. >> talk about the broader nasdaq, october lows versus june lows you say it shows a distinct positive divergence, so it's time to get in >> we've been constructive on this look at the june lows, obviously we had the 10 year yield at 3.5%, and then the big summer bear market rally as yields move off. what happened here september, october, interesting on a number of levels. first of all the nasdaq did make new lows had significant positive diver divergences, not only on the strengths but the internals, did not touch the june lows. bitcoin didn't make new lows all kinds of divergence in the market that told us not the best time to pile in short yet that's what a lot of people did, especially on the retail side. i don't want to be overly optimistic here and paint a

rosie picture but pay attention to technicals. the nasdaq, as microsoft for for example, all held the yearly 5 emas so nothing is broken at this stage from that perspective. >> i want to make sure i understand what you're saying. i mean, it's northman trader, you're not talking strategy as much as tactics. it's not a question of whether this is a bear market rally or not, it's whether it's one you can play is that what you're arguing? >> yeah. looking from a day trading per peckive but a swing trading perspective. the s&p when it made the june lows it maede a positive divergence into support. the monthly 50 ma, there's a lot of points of confluence there that were positive if you look at this through the lens of the weekly 200 ma we had a very similar set up in 2008 where the initial weekly 200 ma

was slightly and then a massive counter trend rally that got back up to the 50 ma -- sorry for the technical chat but in the current context that would get us to 4200, 4300 for a year end rally. then we have to determine what the macro looks like because we have the threat, obviously, from yields that are high, and the fact, by the way, and i want to point this out as well while we try to make new lows heers, in october, the ten year yield had risen significantly above the june highs of 3.5%, nearly 4.4%. so the market seems to have reacted less to the rising yields that i would have expected than the positive divergence at play so far. as long as you can play that we have the sizable rally in the long term context, in the long term context you don't get a bottom until the fed actually

is given to a rate cutting cycle. >> that's what i wanted to underscore we had dan niles on, who's bearish overall but saying something similar to what you're saying we could see a rally off of earnings based on the way that things have been going what do you think is the most important macro, i guess, benchmarks or news that we should be looking out for that's going to have an impact on these charts and where things go from here, perhaps post december? >> well, i think it's critical to see how the fed reacts to incoming data. we're still lacking a data point that would give them an excuse to layoff a little bit i think piling blindly into the 75 point basis points coming out of being behind the curve and trying to get ahead of it is a dangerous game because they have not yet been able to assess the economic impact of these rate

hikes. remember, they're very, very lagging. so there's always the danger that the tail end of this is going to come back to haunt all of us at some point next year. look at inflation friday for example see if there's any relief and maybe they back off a little bit they started chattering a little bit because i think they're getting worried about the velocity of the moves in yields, which is too fast. >> they started chattering or markets have started chattering. there's this question of are investors getting ahead of themselves that think there's this pivot or pause. >> we get 50 to 60 fed speeches and interviews every month you have to read the tea leaves and friday daily hinted at this as well several fed speakers getting slightly concerned about overdoing it we have the largest debt construct in history and want to

see the ten year and two year back to 2008, 2007 levels. this is a very different economy. so the ability to handle this large increase in yields in an economy built on a lot of some bified companies, i think they need to ease off and see what the impact is. >> always good to get your insights, thank you. >> thanks for having me. up next a cnbc investigation finds that former google ceo eric schmidt made investments in artificial intelligence while chairing a mission on ai ethics experts say that raises questions about what a conflict of interest is, where government oversight should be. we'll be right back.

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i'm frank holland, your news update at this hour. test scores for u.s. students suffered declines during the pandemic math scores saw their highest declines ever. every state saw math or reading scores fall. ethan crumbly pleaded guilty to charges in a shooting that killed four students another former minneapolis police officer pleaded guilty in the killing of george floyd, he

pleaded guilty to aiding and abetting second degree manslaughter in exchange for the plea, a murder charge will be dismissed. and rishi sunak is set to become britain's next prime minister his priority is to unite the country and deliver economic solutions. that's the latest. carl, back to you. in recent months there's increasing scrutiny on the potential for conflict of interest when power and influence are wielded in washington in cement "the new york times" revealed 97 members traded stocks on committees they serve. and now this new cnbc investigation find it is former head of google, eric schmidt, made investments in ai companies while chairing the ai commission raising concerns among ethics

experts about a fundamental conflict of interest >> please welcome eric smith. >> eric schmidt. >> eric schmidt former google ceo, adviser to president, billionaire and now a shaper of policy in 2019 congress tasked him with sharing the national security commission on artificial intelligence that federal commission produced this 700 page report advising th the government on how to spend $40 billion on ai. >> the nation needs to be ai ready. >> reporter: a cnbc investigation found at the same time he was influencing the future he was making personal investments in companies that stood to generate profits for himself. no indication that schmidt did anything unlawful or against the rules. yet he made five direct investments in ai companies during his tenure and more than 50 through other entities he

invests in or controls the total dollar is not publically available. >> that's a conflict of interest. >> walter sexualchwab is a seni ethics fellow and former director of the u.s. office of ethics. >> his side will say he's a patriotic american why shouldn't he serve in the capacity >> he may be the greatest person in the world and maybe the right one to be in the commission. but he shouldn't be in the commission while investing in the thing that's the subject of the focus. >> reporter: schmidt filed a private form with the federal government at the outassoset ofs tenure but it's not a public record he revealed his ai investments on that document the spokesperson say eric gave full compliance on everything but they believe the disclosure isn't enough. >> he could have personally

released his confidential disclosure report, nothing preventing him from doing it and he could have made the decision not to invest in ai while chairing the commission. >> reporter: but the situation isn't unusual. ethics experts say a lack of government oversight allows this to happen. >> the ethics enforcement process in the executive branch is broken. it does not work. >> reporter: holman the safers who are supposed to review the forms don't have the training to do so. >> if you say the ethics process in washington is broken. who broke it >> it was designed broken. >> what do you think washington doesn't understand >> reporter: schmidt has spent years learning how washington works. here's what he said a decade ago. >> it's shocking having spent a fair amount of time in the system how the system actually works. and it's obvious that if the system is organized around

incumbencies writing the laws, they'll benefit from the laws that are written. >> google is now one of the greatest incumbent corporations in america. >> perhaps but we don't write the laws. >> reporter: today, though, schmidt said he's proud the commission he chaired wrote actual legislation. >> not only should we write down what we thought, which we did. but we would have 100 pages of legislation they could pass. >> we found pull paragraphs from the commission report that are almost identical to the 2021 act. that same bill budgeted $75 million for implementing the security commission's recommendations. >> what's the effect on this >> we allow the wealthy special interest and the business interest to dominate our policy arena and the public interest tends to get drowned out in this type of broken ethics process. >> reporter: and just to give you a feel for the scale of all of this.

the federal government counts a total of 57 active federal advisory commissions right now with members offering input on everything from nuclear reactor safeguards to clean air and global commodities there are a lot of these commissions in d.c. >> one is as are there active attempts to remedy policies? if so, is there a worry you're going to chase away america's best minds on this >> there are reform efforts going on over the years. they've never gotten tractions because these are a backwater in washington not a lot of people are focused on and the people on the commissions like them the way they are if you put too much compliance on top of this, are you going to chase away the best and brightest? are you going to keep people like eric schmidt with an enormous record of accomplishment from serving in a federal capacity at all. that's the question only those people can answer. but the question that the ethics experts ask, do you want the

chairman of the artificial intelligence commission investing in artificial intelligence at the same time he's shaping federal policy. >> the other question is, do people believe what schmidt can bring is something nobody else can bring? are there other alternatives for people who might have the same intel and be more willing to abide by a different policy? >> there are thousands of ai experts in this country, maybe not who are also billionaires and also policy experts so e he is in a unique category in that sense. but the question isn't who serves on the commissions but how they conduct themselves when they serve on the commissions. >> what a story, especially on the heels of the reporting we mentioned earlier. >> great work. altimeter capital brad gerstner tweeting his calls to slash spending are about structural and strategic changes at meta to improve financial

fitness, team morale, product focus and velocity things that improving adds of successfully -- improve the odds perhaps of successfully winning the next wave of innovation. dee, when i talked about is this sucking in the gut or significant change my question was about just a 20% head count cut he says for meta, at least 20% plus cut the metaverse spending plus bring down cap ex spending. >> the title of his letter, time to get fit saying meta needs to use the tools it has talking about the metaverse, he says a big part of developing the metaverse is developing artificial intelligence that can help the core product. also to jon's point earlier, zuckerberg has full control of the company so maybe you can

only make changes around the edges. he's been so determined and not deterred at all from the metaverse push. >> i'm looking at the letter he talks about the cost of capital changing of course but also on cap x, meta is investing more than apple, twitter, tesla, uber, snap combined. he thinks it's a big swing on metaverse and too big in his view. >> how big does it cost? can you imagine, a startup spending $5 billion a year >> well, counter point in that list is not microsoft, alphabet or amazon that spends tens of billions of dollars on cap x to build out cloud infrastructure, that might have seemed crazy when they first embarked on this i don't know. >> i'm talking about just metaverse. gerstner saying just $5 billion

on the metaverse just 5 billion in metaverse spending innovation comes from startups can you imagine a startup that had $5 billion a year to start on building the metaverse. let's talk about efficiency. >> i'm talking cloud too in terms of what amazon was able to spend in the billions early on yes, a startup wouldn't have been able to do that but it's amazon they became a number one player maybe meta will be the number one player we don't know how much apple is going to spend on the headset. after the break, china we haven't looked at tech there, but it is getting crushed today. we'll te y w wllouhyhen "techcheck" returns in two minutes. go on go away. 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.

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huge sell off in chinese tech stocks today. look at the names. down double digit this is morning, and that's after president xi jinping secured a third term as leader and filled the committee with his allies. the news spells bad news for the tech sector which faced intense scrutiny under his leadership from data protection to the use of algorithms. now new listings are under pressure with the nasdaq halting new chinese i.p.o.s as it investigates companies

the takeaway from the weekend and xi jinping starting out his third term is this continued drifting away from the free market principles towards what the ccp is comfortable with. i remember starting as a journalist, my career in china and there was this optimism. xi jinping was just about to come into power maybe he would reform the markets more and that was quickly, jon, went away as people realized he was really going to move to consolidate power, which is what he's done over the last decade or so and what he continued to do over the weekend. >> we like memes on the show, we don't show them as much as we used to. but sometimes they can be teachable. if i were to make a make a meme today it would be hoo gin tou as a stand in he was escorted out of that 20th

communist party congress, sitting next to xi and then not sitting next to xi so he was an openness when people were optimistic about china joining markets in a fair and consistent way that's been escorted out why is it not welcome. >> health issues >> yeah, health issues but there's no communication about that i think that's where we are with chinese tech, carl. >> and by extension, some other names as well. including starbucks, las vegas sands and wynn all helping to lead the s&p lower today we'll take a break as we talk about more programming you don't want to miss the season finale of "lay leno's garage". that's coming up wednesday at 10:00 p.m. eastern time. stay with us

let's get a gut check on semiconductors banks buying in betting on names trying to innovate in autos. j.p. morgan said wolf speed is poised to lead the pack upgrading to overweight, raising price target to $160 per share the bank believes as it ramps up capacity it could see as much as 50% upside hsbc betting on qualcomm

initiating at buy, given its own auto ambitions saying it's well positioned for growth in the sector as the smart phone business matures lastly, barclays is bearish on analog devices downgrading. you can read more on cnbc pro. we'll be right back. to adapt in the changing world, you could hire a professor of theoretical mathematics. we all know this equation, right? he'd crunched numbers day and night. that's it. to maximize profitability. morning. i have quarterly numbers that are beautiful. and forecast revenue from every corner of your organization. is that important? or you could use workday. the finance hr and planning system that helps cfos make better decisions faster. for a solve problems like a genius world. workday. for a changing world.

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welcome back we've been previewing big tech earnings and we want to get to microsoft and apple. ahead of that steve kovac has the latest here at one market. what strikes those companies the two names, they are some of the biggest in the market and also the most resilient so far this year? >> that's exactly right, and they are facing slow growth, and those are the headwinds facing apple and microsoft, and inflation could put a damper on its growth, and on the microsoft side, foreign exchange and both companies tried to soften the blow, and let's start with apple. tim cook told me last quarter, apple was going to be more, quote, deliberate in hiring, and also reports of ending

contractors' employment and doling out less than expected on research in july there were layoffs, and last week microsoft let another thousand employees go. and apple, they need to keep iphone sales momentum to make up for the headwinds, and then they are also going to be able to make up for it with new ads on the app store, and then microsoft, they hope it spending remains strong especially as strong and medium businesses start to cut >> steve, it seems most interesting to me that apple is in a unique position right now, and so many of the other companies we have been talking about, thought a pandemic boom might continue and they ramped

up big in that period, and most of apple's head count is in retail and they are repurposing it to online support, and they were focusing their investment on vertical integration which is paying out big margin benefits right now, and they don't have the same whiplash affect that other companies like meta and amazon have, right >> that's right, john. they have been more resistant to the fallen demand routine among other pc makers and electronic makers, and so look, they have been holding up and they need that demand to hold up, like i said, and otherwise it's going to be tough. if iphone sales drop, they will not have anything to make up due to downfall due to foreign exchange and it services >> thank you >> let's spend more time with

apple. you have, when you are looking at apple's spending, at their costs, did they have some sort of big explosion or growth during the pandemic, particularly in head count, the way some of the other tech names did, or are they in an entirely different position >> my impression is they have a very different position, and the big thing apple does on the manufacturing side at least is they can outsource a lot, the stocks and funds, and what they did scale up is hiring, and the rnd was going at a faster pace with revenue growth. if you think about the investments they are making on assets like the processioner, it's helping that pay off, and it did scale up higher, and it was moderate, and very much around the integration of

products >> i have read a couple reports from your peers this morning arguing the bear case on apple has been weak, mostly valuation driven and to get paid they need the money to talk down demand and build -- allow for cracks in the phone store. do you think that's fair >> yeah, you know, the thing is on the apple stock, and i think it will hold up this cycle, and so far the demand looks strong, and so if anything i would argue the mid shift would be much more favor pbl than what the street is modeling, and that would be an outside surprise. and it would be a nice swing factor to offset apple is for all the negativity on the semiconductor side, all of that is cause for apple that would imply apple store margins and

supply that could be a steeper supply >> quick one you have priced in an ar head set, because downgrading meta today, called out a potential new apple competition. >> i think they sized it up in what it could be in '23, and it's not in our model or anybody's model, and this is going to be like the apple watch launch, maybe a snoozefest initially, but it will scale up in the next two to five years. >> yep, often the way it is, air pods or the iphone, they take a while to scale it up thank you. >> thank you all right, everybody take out your phones qr code on the screen, the 25th and 26th, for nbc's 2022 work summit, and the brings together

labor, banking and academics, and you can scan that qr code at the bottom of the screen right there in the middle, to register take out your camera, point it there and tap and it will take you somewhere to register. we'll be right back.

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one more thing before we go. that's tim coke waving the checkered flag this weekend, and some on twitter not taking too kindly to his technique, and that comes on the heels of disney's partnership, and you talked with mercedes team principal and the team last week and they have seen huge gains in popularity >> the netflix series has done a lot for that popularity, and the book kind of steady, not super

enthusiastic, and the fans -- >> i like the wave, and tim cook's wave is a measured wave, and somebody that wants people back in the office three days a week you can take him out of cupertino, but -- that's great video. let's get to the half. >>. a huge week of earnings getting under way, and we will look at what is really at stake. joining me, joe, karen, and kevin o'leary. we have green across the board here, and 1.2% s&p, trying to get to a 1% gain, and the nasdaq pulling up the rear a bit today, and yields are