source a week getting most defense earnings as well on the heels of raytheon saw a miss in its missile unit for sales, despite the strength in commercial aerospace. >> right to your point, stock not doing particularly well. that does it here for us on "squawk on the street. "techcheck" starts right now. good tuesday morning i'm carl quintanilla with deirdre bosa and jon fortt looking at's recent cost cuts across tech plus how the ad slowdown is impacting the sector where does meta's quest end? more on the company's metaverse spending and the next catalyst for that name. talk to one investor adding to his position and finally paypal wants you to use venmo checking out on amazon that story coming up next hour. and alphabet

first of three hyperscalers reporting tonight. amazon thursday. one focus how demand for the cloud is holding up and what it says about the broader state of enterprise software spent. an area strongest and most resilient parts of tech this year talking a ton about it yesterday amazon confirms reports breathing higher in parts of aws, cloud division an aws spokesperson says thousands of job openings at other parts of cloud investors baked in deceleration and cloud growth this year guys, will this week's numbers be worse than feared in terms what's expected, guys, nearly 43% growth from microsoft azure 34% growth for google cloud. 32% amazon web services. nuk one player, aws that is coming fromming a larger base. strong numbers, jon, expected to

stay in these duouble digits 30s and 40s. will it live up to that? >> not the calendar q3 number they're reporting i'm most curious about, de. expectation for q4 and beyond. right? talking with companies including snowflake, 3 cia about consumption-based pricing. if overall the global economy is slowing down, that means overall less consumption if the retail period is flattening out you don't have the same kind of a spike, you know, right around late november and into december, because people are starting to buy in early october, then will there be as much cloud utilization and spillover as in the past if not, what does that mean for q4 and for after i think we've got to think about the cloud numbers differently. particularly in the guide, and it's going to be different for these larger players, carl,

versus the smaller best of breed ones in a slowing economy. i think there's going to be probably rip and replace that happens. more competition with the bigger platforms versus best of breed and the question is who gets crowded out? >> yeah. we were paying attention to oracle's price action, really, last week and a half, up $10 latest service earlier i think at dugan chaim watching all of that what to expect when alphabet and microsoft report this afternoon, fwling contributor from the verge, "lie, are we going to do this in the metaverse? >> i'm in a metaverser future at work how y'all doing? >> explain -- a good comment of what we're going to look at. i wanted to start with search. bofa bree viewing saying near no yet at the trough year-on-year

growth add to the dollar, interesting. >> right google's business is only a little bit insulated from a broader advertising market looking a the big advertising holding companies, they're doing fine i think there's a little bit of, is the bottom actuallyi falling out, consumer dropping brands, have to be in a mix. can't disappear the way they have in recessions past. a lot of questions where that spend is going whether direct response, google excels at or branding things like linear and instagram adds things and we don't know the answer in executive ads i talk to, wait and see mode. big expectations. >> would you rather be in alphabet's position? youtube not shutting the cover all the ball some argue, or microsoft, exposure to what's

happening in pcs and consumer electronics? >> you know, i think i'd rather be in microsoft's position saying that, it's like a 51/49 google has one of the most resilient products of all time in search and youtube. all-time always going to have supply of eyeballs for advertisers to go and get. that's really hard to let go of. i think it will power them through a lot of uncertainty in the market whether they can hold on to their big investments or big r & d investments in things that don't pay off, google has a lot of i think is sort of next to whether search and youtube remain stable. the other hand, microsoft is a far more diversified business. right? azure a big business, nothing to do with consumers. gaming, xbox pc and windows market might go up and down, but microsoft is so diversified into things that are

historically resilient, rather be in microsoft's pix. >> yposition. >> yeah, but tough saw gaming suffering a bit consumer stuff suffering a bit so for microsoft both the pc business, windows business, you wonder how that will do. then on google's side, alphabet's side, youtube already off. does search take a hit if consumer demand is slowing down? are people intending to buy fewer products do services really make up for much of that >> yeah. i think on the youtube front, the question is whether youtube can move from direct response to more of that brand-building, top of the funnel advertising that historically linear and tv mostly captured. that's always been youtube's destiny. every youtube executive talked what they're competing with really is stv. that's not the case. more of a desktop or mobile

experience to me, going to get those dollars away from llinear. i don't know the answer. went for a really long time. the chip market. about to be a huge bust in the chip market. goes through these cycles, and everything we hear from intel and the rest are expecting pc demands in software so much and will have excess inventory, might result in a crush of sales. i have i don'ted have any yidew it plays out. >> and losing money, bets advertising pays for and people thought when the cfo came in scaled back or cut hasn't happened. does the situation change heading into a recession next year do you think finally some of these projects go on the chopping block >> yeah. ruth did a lot of cutting when she got in there, consolidated a lot of businesses. moon shots that google held on to are ones that most tech

people thought would actually pay off. that things like waymo things like -- the contact lenses and things like health care investments those are the markets that are big enough for these giants to actually move the needle you see that problem across most of these companies whereas apple looking at health care and transportation. google health care and transportation they have to stay invested in some of this stuff because they need markets that can generate growth at their scale. now, do they have to keep making pixel tablets nobody buying? i don't think so i think those the kinds of things on the chopping block especially google, has a reputation ruthlessly killing anything that doesn't move the needle that will go faster rate than before. >> you mentioned apple of course, raising prices on tv and music streaming services amid rising inflation. interesting note out of morgan stanley today. we forecast double digit music industry streaming growth for years to come.

even in a slowing economy. their general point what we pay for music is probably going to catch up to what we pay for other platforms, be it in digital streaming or certainly prime? >> yeah. i think that's right i think music is historically and permanently undervalued in the digital era. right? the most, one of the most important cultural objects to exist we pay the least for many cases pay nothing for it. labels and artists will demand the prices rise to get a bigger cut. demand a lot of new pricing models so that artists actually receive more of that revenue that's all next to, oh, there's a lot of margin here right? all prices for everything else going up just raise prices and consumer expect it. music has infinite demand. you can't not have it. i think a lot of opportunity for games in the music market, but certainly one of those places where it's so undervalued compared to how much we need it

as human beings, there's a lot of room for experimentation. >> right does that mean that spotify has some runway as well? and some of these other, i guess labels they do point out one of the main beneficiaries won't necessarily be the creatives it will be, like, the warners of the world? >> yeah. i think that's right spotify is a unique company in that it's the only real music streaming company that isn't attached to or subsidized by a big tech economy apple music is apple amazon is amazon title of course affiliated out with guac. the investors are keeping it around as a hedge against big tech, but i think very invested in making it go and making it about real competitive at the same time, they're the one whose get paid out out when spotify actually generates some profit a company on a razor's edge but the industry committed to

keeping alive so they don't repeat the ipod era. >> how sticking it feels like a streaming service nice to have but not need to have how do you think that price hike will go over >> i don't think it's going to go over really well, because a lot of people are going to come up on the end of their two-year free apple-tv when they buy a phone or other device and need spend a lot of dollars on it ted lasso and other shows are great. part of the model apple needs to figure out bring in hits and keep them there, apple doesn't have the catalog yet. >> but doesn't apple have enough cachet now they won the best picture oscar. they've got "ted lasso" winning all kinds of stuff repeatedly. since everybody else raised prices and they're so on the low end, can't they afford to do it?

sure, maybe lose some folks, but will they, do you think they'll turn more relative to other services >> i do, because i think they have the biggest incentive of all to offer to consumers which is give you stuff for free when you buy a phone. bundle the price of a phone into a larger bundle with more services there's many more pricing moves for ap toll make than simply raising individual month-it-month subscription price of these services. their long game is a large bundle including they're hardware once on that cycle you're never turning off. >> we've been talking about that for a while. see how well they monetize the entire ecostick system gra great to see you covered a lot of ground. yep. after the break, intel ceo weighing in on the chip sa sanctions against china. and logitech, more on the quarter. "techcheck" is back, after this.

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logitech the company reporting a miss on sales and earnings from the most recent quarter as they face inflation headwinds. stocks shooting up this morning. part of the reason why comes down to which segments of growing and the fact that they reaffirm their full-year outlook. so this was fiscal q2. that means pretty confident in the holiday season meanwhile, pandemic-led devices like webcams and tablets have fallen off both down more than 30% rear over year return to work like business collaboration seeing an uptick over last year based and expectations those might have outperformed or underperformed deidre, i think comes down to, though that reaffirmation of what they expect over the next two quarters at a time when so much uncertainty is among us

seeming to know, for now what they expect? >> also the gaming side of it. you mentioned the pandemic boom parts of the business. gaming is part of that telling us, conventional wisdom says gaming is recession-proof, carl, but obviously turned on its head a little. perhaps didn't see such a boom as we did during the pandemic before, but that said, management is handling this. shows in the stock being up nearly 14% over the last week and another pandemic darling so down a ton over the last year. >> yep one more example you know, intel, trying to think back into the depths of the crisis, jon, i think intel had comments about whether or not we in a new world of penetration per household of pcs and accessories, and a lot of that is obviously clearly being unwound. >> yeah. you know, the demand isn't what it used to be, but it's still there. >> speaking of pat gelsinger, the intel ceo had comments on

the china chips and yesterday at the annual tech live conference, xi jinping's third term sending them on a roller coaster ride. saw it yesterday up now noomore than 3% today bring in hal hong. thanks for being with us today start with a really broad question one maybe a lot of american investors are wondering. simply, are chinese stocks investable given all the tub beaux lens over scrutiny, over regulation, over u.s. export restrictions and what the government there in beijing is doing? >> yes i think the tech space has been for more than two years now, since they start to regulate the chinese companies as leading tech companies such as alibaba, it's down as in 80% now.

and value auation shrunk dramatically i would say so i believe that due tremendous opportunities to be had in the chinese space and the market is very robust with that. so during the covid obviously china is still implementing the covid policy demand for internet services and goods is still very, very strong, and indeed it has become an essential part of people's lives. i would say even though the tech space has been so down dramatically, going forward, because of demand that's still there, therefore, you know, these names still are around. >> someone like you on the ground and i've read your notes for years. you know the market well is it possible for the average american investors even the average american banker/trader

to understand china enough where are the opportunities? still tech, given you mentioned, a a alibaba and elsewhere? >> looking like coming back to hong kong. a few days ago edu, one of the larger and leading chinese companies saying in context s.e.c. is only thing it needs and, therefore, more likely than not they're going to come back to hong kong so because edu is one of the better companies, cleaner companies. i would be surprised to see other china adrs using similar statements as well so for the u.s. investors to really understand the chinese space, there's a lot of due diligence that needs to be done going forward. especially how the foundation numbers are being reported you know

how chinese regulations need changed in the tech space. overall, just because i mentioned demand is still very strong, the names still have value. >> hmm. >> i want to mention we're near session highs on the nasdaq. up about 195 points. 1. three quarters percent dow up as well i wonder how in china congress is done, and behind xi should we expect new rules down the road affecting chinese companies? a clarification on what happens going forward so that both foreign companies doing business in china and chinese tech companies know what to expect? >> yeah. i think the tech base is still going, undergoing a lot of changes. if you really want to put money

to work in this space you have sew differentiate between the soft tech. the ef kfication space i think putting a lot of money to work especially now the semiconductor technology is being banned by the u.s. so i think it creates a tremendous push from the government, you know, into this space, to develop china's own semiconductor technology as to, you know, internet software applications the this moment we are still not seeing too much change just yet for example, you know, half of ten cents earnings is coming from the urnt netinternet gamin. 50%. in the past two years ten cent hasn't launched one single new

game because they couldn't get licence approval from the government that is telling you how difficult the space has been so you really have to dump ren shat the hard technology and also the internet applications recommends are very different. >> pretty interesting. "the atlantic" has a piece this morning about china and restrictions and saying xi be problem is he picked a fight in their words, wealthier and technologically more advanced power before having the economic strength to wage it. i wonder, do they have an escape philosophy already, even with these restrictions >> hmm i think at this moment it's very difficult. i mean, basically throwing money at the problem and then helping it work. the semiconductor technology in china is probably two to three dennerations behibdsnd the u.s forbidding currency -- behooves

them to develop their own technology each generation -- talking at least 20 years difference between china and u.s. take as long time to catch up. >> which underlines just how critical this technology is for china. hal, thanks for staying up lied to be with us. coming up after the break, meta releases that peheadset we talked about are they spending in all the right places still and to jon's point, only 20 points away from the 50 day on the s&p.

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this is doubling production without doubling headcount. this is connecting all your team with a shared point of view. this is the system you built moving from concept to customer. this is how. airtable. welcome back to "techcheck."

i'm carl quintanilla with jon fortt, deirdre bosa and julia boorstin the nasdaq try ting to make it three positive sessions on the way. paypal there, and more on what's driving today's market action in a moment a news update first with contessa brewer. >> what's happening now. u.p.s. delivered strong quarterly profits thanks to higher prices. profit margins expanded even with sales missed and package volume fell and guidance for rest of the year and on track for a worst day in nearly two decades for xerox q2 earnings less than half on the consensus. supply contain constraints among the reasons. weber shares soar. the stock trading above offer price, still less than half of weber's ipo price from a little more than a year ago and adidas is parting ways with

kanye west, now known as ye. adidas says his recent comments were dangerous and anti-semitism or hate speech isn't tolerated dropping the ye line will drop profit by about $250 million >> taking time, did it contessa. thank you. mesa releasing the quest pro headset this morning a day after rad gersner wrote a letter to the company urging them to cut back on metaverse spending julia boorstin has more on the headset and how invertors are thinking about meta's growth did they not tell you you're supposed to wear your goggles for today's show >> do it virtually meta's new quest pro vr, ships today costing $1,500 targeting vr and augmented reality developers more so than consumers like me.

that casost is three times moret just $400. the higher-end version is with microsoft teams and mixed reality technology with advanced graphics, thanks to chips from qualcomm now, the challenge is, of course, this is a tough time to introduce such a high-priced device while companies and consumers are all luki looking to pull ban mark zuckerberg facing pressure to justify his $10 billion annual metaverse investment. meta shares are down about 60% over the past year. issuing a cautious note saying, "we don't expect the press pro will be a material driver of near-term profitability from meta's lab segment, the ceo mark zuckerb zuckerberg described it as a tool." also "highlighting uses across

gaming, education and others, broadening the utility of vr to attract more users to platform and increase engagement. and also agreeing with brad writing "at a time meta's revenue growth is slowing, metaverse investments to chase a goal that may or may not pay off many years from now is not what we recommend investors allocate capital to in fiscal '22." looking at reviews for this headset, seen positive ones but have seen a number of negative reviews of the headset out today. we'll see what zuckerberg says when meta reports earnings that's tomorrow afternoon, jon >> all right julia, thank you. now, with this latest product launch, our next guest bullish on meta. buying up more stock ahead of earnings this afternoon. joining us now, mark asset's management morris mark morris, give me a sense, in your

overall take like you, brad is a fan of meta's underlying business perhaps overly criticized. doesn't want spending as much on cap x now. maybe just $5 billion instead of $10 billion on the metaverse do you agree or disagree with that >> first of all, thank you for having me, jon nice to see you. secondly, i think that we shouldn't underestimate mark or overestimate them. a poor job as a media executive. tiktok emerged as a tremendous alternative for news, information and entertainment. on the other hand, i think he really understands technology. people are not paying attention to the fact that meta is investing very heavily in artificial intelligence technology right now probably as much as any of the other firms if not more so i think that will eventually pay

off in terms of better shareholder communication. better customer communication. better advertising, and more revenues i think that nobody's focused on that, and we are i think it's a cheap stock, but have no near-term optimism with regard to where the earning are going to be. >> yeah. and is that because even though those fundamentals and those longer-term investments in ai, how that will benefit social media, et cetera, in the near term still spending $10 billion on the metaverse and maybe the stock's going to move as it did in past. said they would spend a bunch of money on moderation and capex pulled it back, the stock poped up meta's signals, some of the things that aren't panning out for a few years? >> i don't think he's going

anyplace nobody's going to tell him what to do. hopefully he will listen i think he's got to improve his entertainment product, but conversely one of the things they face in a world apple is protecting people's privacy, and we love apple, is how do you target without getting somebody's information and making inappropriate use of it you have to understand the people that are using your service. and i think artificial intelligence technology probably developed, will help them do that and i don't think anybody else can do it i don't star can do it i think very few companies will be able to do it i think alphabet will be able to do it and that's a big deal. >> just going to say investing in artificial intelligence many years. a lot of money help me understand, mark are you bullish on zuckerberg's

metaverse ambitions or just because you think the technology helping develop the metaverse includes artificial intelligence serving the core business? >> i think investing in artificial intelligence separate from whatever he's doing with regard to the met sprerps with regard to the metaverse we're big fans of ind nvidia's technology and nvidia's product and they talked about the omniverse. i think something like that can be very practical. i don't think people want to live there, but i think businesses can be used to develop products visualize products and images to the entth degree and i think something like that can be very valuable it will be a great tool. if you look at technology as a tool, i don't want to walk around with a spacesuit on all day, or a -- a device. i want to play games, if i want to virtualize experiences and develop something, create

something, i think that's very helpful. i don't like the idea sitting across, personally having, you know, contact with people, that's important. >> boris, isn't that part of the danger, though that facebook at the time bought oculus 8.50 years ago and trying to make this vr thing happen within facebook and now oculus and verizon et cetera. when you look how these others worked, particularly smartphone and iphone, apple might have been investing in it a while but weren't spending $10 billion a year and weren't pushing it publicly until it was ready. s there the danger that somebody else swoops in at an opportune moment spending last money and out vrs facebook right? absolutely but i think the idea of vr -- i

remember "star trek" and the room you walked into, virtual reality. didn't have to wear a goggle or sit before a screen. were you there so i'm not going to try and guess what's going to happen i think the interesting thing is this is such a profitable company and generates so much cash, is it wasting it who knows. we'll find out will they come up with something. once again, eel find out, but i'm very impressed the idea using artificial intelligence to properly target without violating privacy. i think that's a great idea, which you can pull it off. >> indeed. apple's after in a as well we'll see who wins the race. morris, thank you. >> you're welcome. up next, paypal is hoping use use venmo checking out on amazon nap story, when hcck" returns. we'll be right back.

data analytics company quelltricks popping. frank holland has numbers. >> up now but off highs after earning of shares up double digits after the bell. a big pop after top and bottomline beats stock's nomore than 75% off its high

recouping from a beaden down cloud provider and executives on the call said business spend was tightening, decision-makers scrutinizing i.t. decisions more closely. still reporting 124% net revenue retention, metric of current companies spent. all of this optimistic, domino's pizza and medicare and medicaid as customers getting a boost to other players. ensauna, 85% off its high. spunk also outperforming the real question, of course, rate pressure. see here quarterly day chart. brief here representatives from the etf and others able to rise rile rates rose qqq etfs over 4% rate is a consistent story with these companies and breaks from the dollar pretty much flat

carl, back to you. >> thanks. don't miss the season finale of jay leno's "garage" as jay joins the president at the secret service training facility to talk about the future of electric cars and a lot more that's coming up tomorrow night. 10:00 p.m. eastern time. stay witush . ♪ ♪ ♪ ♪ 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

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struggling to make the product profitable kate runeooney has more is it too late talked about amazon already has your credit card. >> absolutely. wonder why venmo isn't a credit card new payment option fitting into a strategic picture for amazon all about boosting appeal, beyond sending money to friends and family the scale of amazon's checkout platform makes it significant. way to encourage people to go, spend from their venmo accounts instead of cashing out the money to a bank account. paypal owned the app almost a decade it's been a while. 90 million users now and seen as a crown jewel for this payment's company. wall street is being frustrated at the appal inability to break even or contribute to the bottom line, and executives stopped promising any venmo profitability on earnings calls recently so far mostly been a free offering getting people to use venmo for checkouts and how a lot of

people use paypal is key and a key in paypal's turnaround strategy driven by elliott management activist took a stake in paypal earlier in the year helped the stock outperform its peers news today, paypal's ceo outlined priorities on the last earnings call saying they're doubling down on checkout. paypal and ditch igital wallets brain tree. >> thanks so much. and next guest, running jpmorgan's global payments business brought in nearly $10 billion in revenue in 2021 bringing in global head of the payment tech since talking venmo. i want to ask about his peer-to-peer payment space jpmorgan and others ruled this out years ago. zell under scrutiny for

lawmakers. why didn't jpmorgan build its own and is it too late to do so? >> i think from the side of my business we work with merchants from the very large to the very small and our goal is to bring to our customers as many payment options as well. whether it is credit card. whether it is wallets or anything else, and in addition to that there's many financing options as possible. zell is a payment method for banks. a realtime payment method. one of the many out there, and i think we've seen a lot of fast adoption in that overall space which moves quite quickly and evolves quite quick ly. >> fast adoption and all went to zell, the copy they developed it that could have gone towards jpmorgan did you not have the capacity or talent to build such a network something you think is in the future, would be possible? >> again, i think there are a lot of payment options today you know, venmo, paypal, square

cash, bank payment options i think what venmo managed to do is create a new b2b network my side of business we structure well and creating new payment methods. my side of the business, more the wholesale side, our goal support all of that so merchants and consumers can have as much choice as they need. >> and takis, does a severe recession change trea ajectory d payments do consumers get nervous and do vendors and retailers stop investing in capital equipment when things really get tight >> well, e we have not seen a severe recession right? for now we have seen inflation, high interest rates. we have seen some stress in some parts of the economy

not a severe recession yet what re are beginning to see is people being much more cautious with their investment spending, but not seen a wholesale change in their behavior yet. we've seen a lot of disruption in the energy markets obviously. we've sooner a lot of people thinking about their supply chains and the security of their supply chains. a lot of that having to do with, again, geopolitics and covid-related supplies but not jet seen impact of the recession nor of the coming recession. >> takis, it's interesting to me that as popular as venmo is, right? as much usage as its gotten it's still not profitable i wonder given that, given what we've seen so far from cryptocurrencies and there's talk about them being the future of money exchange, but, ah, the practicality of that hasn't really hit home yet. what's the innovation

opportunity for payments right now? sure, we can have lots of methods of payment, but is there a pain point that needs served by the next incremental way of paying >> to me there are a number of different trends that we see in the economy right now. which create opportunities for the future of payments the first one of those is the change in the shopping experience from let's say browsing page after page of stuff to a much more participatory way of looking at shopping whether it is tiktok or whether it is ins tugram, whether it is the influencers, and that changes how check out happens and the embedded finance or inembedded banking required to make that happen. i think the second trend we see is the blurring of the online and off-line worlds, and that's why we just announced

investments in sightline and -- that cover the aspects of that how do you change that experience and it's much more about gaming and metaverse and how do you bring together currency real and everything else and manage your identity whether it is in person or online. and the third trend we see which is probably a bit early stage whether it is people interacting with devices let's say here we are showcasing our vision for smart cars all the way to smart devices interacting with each other. and the reason there's no payment method right now that can do allow you to do micropayments instantly at virtually zero cost.

>> last really quick one what do you make of big tech like apple moving into payments and fin tech and a partner into the industry >> we need to be very comfortable with that. they have huge market caps, huge ability to investment and wonderful capabilities as far as the jp morgan business is concerned they are great partners, some of our large clients and we're hoping we deliver to them the kind of financial services they're looking to see we become partners, less competitors >> thank you for being with us today. still to come the ftc looks to hold drizly's ceo aouabccntle for alleged security failures. tech check is back in two. it's an entire trading experience.

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welcome back we are near session highs for all the major indices led by the nasdaq which is up more than 2%, that's more than 220 points at the moment >> john, one more programming note as we go to break you can join cnbc virtually today and tomorrow for cnbc's 2022 work summit we bring together some top names in business, policy, labor,

banking and academia to explore the tough questions facing business leaders alike you can scan the qr code on your screen for more information. d chhe up 300. ante cck is back in a moment fsd pharma is developing new treatments for neuro and inflammatory disorders. in a breakthrough discovery, fsd pharma recently demonstrated positive effects with their drug in treating ms in pre-clinical mouse models. fsd pharma 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.

spotify is just another company set to report after the market close today julia is back with us and has what investors might be watching for. >> spotify earnings could be a key test of the consumer and of the ad market. spotify's earnings will give investors another sense of what the state of the advertising market could look like through the end of the year and maybe a hint what's coming for meta tomorrow afternoon we'll also see if spotify can continue to prove that museb is a recession resistant utility. last quarter spotify added far more than anticipate this quarter spotify is expected to add 17 million new users, more than the 11 million it added last quarter while the steet is forecasting a loss of a double that revenue expected to grow 20%, down just slightly from q2. despite last quarter's beat the

stock is down over 60% last year any forwarded guidance will be closely strutinized, carl. >> that's a big one in addition to microsoft we'll get tonight vix below 29 let's get to the judge and the half >> carl, thanks very much. welcome to the half time report. front and center this hour the moment of truth for tech that is how one star analyst describes what's at stake as earnings start reporting in a matter of hours. joining me for the hour today everybody's in the house and good to see everybody here dow at a six-week high, s&p, five-week high of course we'ring show you apple and microsoft. each having a pretty decent day as well. josh says it's a moment of