ceo of adobe, co-founder of lyft and chairman of espn all ahead this hour.techcheck" is just getting started. i had saved up some money and then found the home of my dreams. but, my home of my dreams needed some work. sofi was the first lender that even offered a personal loan, and i didn't even know that was an option. the personal loan let us renovate our single family house into a multi-unit home. ♪ and i get to live in this beautiful house, with this beautiful kitchen, and it's all thanks to sofi. ♪ (text chime) and it's all thanks to sofi. (text chime) (text chime) (sighs) (text chime) (chuckles) (text chime) it's the biggest week in television. watchathon week is your chance to finally watch shows you missed for free. now you get to talk about them with your friends, no matter what time it is. say "watchathon" into your voice remote and watch for free >>> a gut check here on spotify launching podcast subscriptions this morning and creators making more money on their platform than with apple. spotify's daniel eck joins us at 9:00 a.m. on "squawk on the

jason woolsley of adobe, thank you. >> thank you >>> all right.flights today and then again in a week. the seats are going, going, gone. >>> still ahead. tesla record earnings and surging demanded for electric cars oh, yeah, but selling bitcoin and helping its bottom line. huh? we dive into the numbers. >>> if you are going to travel, you may want to listen to something. "worldwide exchange. check us out on apple or spotify or other podcasting apps leave a review five stars for the host? why not? i'd do it for you. dow futures are up i really hope that this vaccine can get me one step closer to him. to a huge wedding. to give high fives to our patients. to hug my students. with every vaccine, cvs is working to bring you one step closer to a better tomorrow. confidence is at the heart of everything we do at carrier. our systems fill buildings and homes with healthy, clean air. we detect and put out fires, and help people stay safe and secure inside. our innovations keep foods and lifesaving medicines cold and fresh until they reach those who need t

. >>> silicon valley the loss of adobe charles deshke. he launched adon't be ne1982.tional news after he was kidnapped at gunpoint from the adobe parking lot and held captive for four days. he was 81 years old. >>> a consumer agency is warning about telecom treadmills. the popular product has been linked to nearly 40 incidents, two involving children. >> reporter: shocking new video of a terrifying treadmill incident. a two-year-old plays with a ball when suddenly the ball and his arm get stuck under the moving machine. he struggles getting himself out. ed if the consumer product safety commission releasing that video and issuing an urgent warning. telling consumers with children to stop using the treadmill flex immediately after 39 reported incidents. 24 involving kids. one child was killed. a commission spokesperson tonight demanding pelaton recall the treadmill. >> a lot of issues happen with treadmill but not like this, being sucked underneath the treadmill. we're talking about 39 incidents where people, children or objects have been sucked underneath the treadmil

names like adobe in the market the secular growth and potential they have with web design and photoeo production we think there is a lot of growth potential we like the sector we like the names going forward. >> okay. not just, hey, sullivan featured that whatever they feature, you sell? >> not that, i promise >> okay. victoria fernandez in the office at 4:20 in the morning in houston working hard always great to see you. have a great rest of the week. thank you for joining us. >> thanks, brian >>> all right. on deck, can you hear me now microsoft reportedly ready to pay big bucks for a speech recognition and health care company. that stock is flying in the pre-market we will show you the name. >>> plus, speaking of your morning rbi. we put the fun back in fund flows. is that a thing? you will love this stack all coming up. dow futures down 90. we're back on a monday right after this (vo) ideas exist inside you, electrify you. they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible. ideas sta

adobe says there are trends emerging in another point industry, travel.0%. but compared to december before vaccines were available. that needs to be put in perspective. >> they are still below two years ago. there is a gap between what we want to go and where travel is right now. >> reporter: the rebound is looking promising. david louis, abc7 news. >>> the pandemic turned out to be an opportunityt music school in san francisco. music school in san francisco. ne check out my new mini munchies with mac & cheese bites. ♪ one more bite- ♪ ♪ just ♪ ♪ gimme one ♪ ♪ more bite. ♪ woah. ♪ cuz i can't wait forever. ♪ my $4 mini munchies. only at jack in the box. (beep) my $4 mini munchies. there's so much awesome stuff to stream nowadays. but the cost of it all can really add up. that's why xfinity helps you save. sign up for internet and get a free flex 4k streaming box. enjoy access to your favorite apps, even disney+. entertainment that starts at free. can your internet do that? oh boy, we're gonna need a bigger bowl. get started with xfinity internet for $19.9

charles geschke, the co-founder of adobe, died yesterday.with innovations like the pdf and the acrobat illustrator as well as photo shop. it extended far beyond silicon valley. president obama awarded him the national medal of technology. geschke lived in los atos until his death. he was 81 years old. >>> a powerful night of reflection for kristin smart. the smart family gather in the down paso robles to honor the cal poly student who disappeared 25 years ago. on tuesday, paul flores, the last person seen with smart, was arrested and charged with her murder. his father was charged as an accessory. people came to show their support after a tumultuous week. >>> when we come back, a new warning for peloton users. >>> plus a royal farewell to prince philip. we'll take you inside the castle where he was hated to rest. >>> and we'll finish the weekend potentially with summer-like temperatures. specially across the valleys. >>> south san francisco welcomes back thousands of students to the which is a room. the new technology in place . >>> the inve

they already have some heavy hitters like adobe and apple on board and they would like to see a lot more. >>> still ahead on kpix5 news and streaming on cbsn bay area, a deeper take into pfizer's third shot recommendation. we will be asking expert why it is necessary and whether other drug companies may follow suit. >>> indoor events are finally allowed as of tonight but you will need to bring more than just it's okay that you don't want to be first: you aren't. second covid vaccine. it's okay to have questions: everyone deserves answers. i'm wary that there isn't enough information. it's okay to be excited, or worried, or both. it's alright for it to take whatever it takes for you to be ready. hi mom, ready for your shot? yes, i've been waiting for this day. we just got what? vaccinated. we just got vaccinated! let's get you there. let's get to immunity.

technologies around, analytics that customers use that article if you look at sas, salesforce, ad adobed you look at others, snowflake, azure, aws, it is already a multi cloud world. customers will always pick the best of big problems even in that world which is why even when we think of the intelligent data management cloud we think of putting our best of breed products on that platform to help customers weave the data together. >> see my full check interview with him on the tech check's linkedin page or search cnbc tech check on linkedin the full interview will be up in the next hour. deidre, this multi-cloudy de is so important for investors to internalize because it is part of the story behind ibm red hat, snowflake, vmware, a lot of companies focused on making this usable. >> absolutely. cloud is leading the world can't wait to see the full interview. nice job there >>> meanwhile, apple appears to be holding next product event on april 20th no that's if you ask siri when it is, but the company has not confirmed. but what if facebook had never been able to buy okculus? more tech che

helps enterprises build community through virtual and in-person events and we work with salesforce, adobeers to do that. i'm embarrassed to say that a year ago we didn't have a single black many employee in our 27-person company, and we sort of looked at ourselves and said we're building community for the best companies in the world and we're not building an inclusive community internally so my co-founder and i said we have to do better. and then really when george floyd was murdered on may 25th, we just said, enough's enough. what can we do that came down to two things first thing i could do was really, with my children, with my family. i have four kids between the ages of 3 and 11 we started having conversations about race, and about treating people the same regardless of the color of their skin, and we will continue to do that our whole lives. second thing, inside of my company, bevy, is to try and create a more inclusive environment. we came up way plan. said 13% of u.s. population is black. at a minimum we need to be there from a, an inclusion standpoint on the employee base and set

companies time to figure out their workaround we were tont, really, he doesn't see it as a big issue and adobeas a big marketing business 9 benefit to facebook, get to say look at this even bigger eco company than us having an impact on our ecosystem when government's trying to look at apple as most dangerous and facebook saying, somebody's beating up on us >> making the point they are not a monopoly, have competition and forces limiting their success. i think we'll see an impact of the operating system change this year, but seems by end of this year, that impact will be mitigated. >> yeah. julia, on that point, too, if these ad changes, in our saying they're managerable. will we see them back down on the stance they've taken they're sticking up for small businesses, but it's unlikely doing them any favors with users. right? kind of putting them on the other side of privacy when you have apple, even going mogle now saying they'll fight for more privacy controls >> look, i think they made a shift from saying this is bad for facebook to saying this is is bad for small businesses trying to keep t

yesterday we had adobe's ceo on talking about the partnership with fedex for faster shipping with shopey told us that's an important increasing trend are things like better shipping, better logistics and buy now, pay later going to help the consumer continue along this digital momentum >> hey, jon, thanks for that question i think shopify is really a retail operating system. i think we're best known for e-commerce, but we're the system behind your favorite brands. as i mentioned we succeed when our merchants succeed. whether it's the fact that shopify capital has given $2 billion funding to small businesses or its fulfillment network or shipping or shopify balance which we think can make cash management easier, what we're trying to do is reduce the barrier for success all over the world and doing that by introducing more features. to do that, we actually have to help all those get reduced right now, if you talk to the 1.7 million merchants on shopify they will tell you we are the most important piece of software they're using and that is important. one other point worth pointing out, w

adobe says trends emerging in travel. airline bookings shot up in march.re up 50% both compared to december before vaccines were available. that needs to be put in perspective >> there is a gap there between where we want to go and where travel is right now. >> the rebound is starting to look promising. >>> help is on the way from wells fargo for small businesses around the bay area. today the bank announced $13 million in grants to six local community development financial institutions or cdfi's. the funding will help the institutions provide grants, loans, and business coaching for diverse diverse diverse div >> every dollar that they invest in these cdfi's i think it is being doubled or tripled. that connection is already there. the small businesses know that they are going to get lots of support and it is not monetary. >> wells fargo says the $420 million program funded through the federal government paycheck protection program is helping 22,000 minority owned small businesses.>>> the gilroy garlic festival will return at the end of july. the first tim

pandemic we were at 2% and be were happy to do three to five year dcf work and give dreamy multiples to adobe, microsoft and apple and now a year later, rates at 1.7 abandon those dream y multiples and will embrace them again doesn't make sense what we know is we're at the top of the channel do we have to go to the bottom, no. i think you buy tlt here i think you buy bonds. the first charts one ab and two were identical with different an yootation annotations. the second chart this is the first of two pan them you're looking at the top is the top five stocks in the s&p, amazon, google, facebook, microsoft, apple i plotted them as a basket, equal weight and what we know is they've been steadily in the uptrend. the relative performance to the russell 2000 have been straight down, you see the arrows there. if you look at that chart that chart has never been in trouble. the top chart is top five stocks, 21% of the s&p, at this point, and almost $8 trillion it's just that the relative has been so bad. it's not tech recovering, it's just the reciprocal is changing. the second chart, look at the tre

spacs are getting public >>> now, over the weekend we got some sad news about a silicon valley pioneer adobedeschke helped lead the company as it expanded further into desktop publishering, in partnership with steve jobs and apple. think of innovationses like photoshop. he did it at cyr ox park, and they were awarded the medal of technology by president obama in 2009 municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-376-4376. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federall

>> what mark said, high gross margins points me to technology in a company like adobe. doak bee was first to e brace the subscription model. relative to all things in the market, especially the cloud, it is dirt cheap. charles: mark, david, hold on a bit i want reaction to the next story, the other big story this morning. switching gear that development with the johnson & johnson vaccine bringing city md medical director dr. jenette nesheiwat. 6.8 million folks, seems like an infinitesimal number got the blood clot. of course that news sending shockwaves and of course what is interesting of course is that millions of americans were already hesitant about this jab. what should we know at this point? >> like you said, charles, let's keep this in perspective. out of 7 million americans that have received the johnson & johnson vaccine six, that is less than half a percent have developed these very extremely rare blood clots. so what is going to happen at this point is tomorrow, an independent immunization committee will meet. they will determine whether the vaccine is safe

that's according to adobe.s at chicago's o'hare international airport with more. boeing posted a loss of some 537 million in the first three months of the year. but there is some good news on the air travel front as well. ceo dave calhoun says he sees this year as a key inflection point as vaccine distribution ramps up across the country and people get comfortable with the idea of flying again. he does caution, though, that he doesn't expect air travel to reach pre pandemic 2019 levels until 2023 or 2024, but certainly in talking with people here at o'hare. they say they're vaccinated and happy to be taking the skies. once again, some folks even entertaining. possibility of a european trip this summer. the you indicated it would let vaccinated americans into the european union as early as this summer. we got mixed responses when we asked folks here if they actually would go. we're from romania. so we were looking into traveling to turkey over the summer. if it's possible, so we're just starting to explore that

in fact, there's the thousand homes with partially made out of lande adobe from those mines. last year, your predecessor in epa added navajo abandoned uranium mine it is to the administrators whoho have emphas list. iuthis is a welcomed step in the right direction. it is only about -- six decades too late or five decades too late. two months ago epa announce 220 million in cleanup funds contract coming out of a billion settlement in 2015. i want to see this cooperation continue at a higher level. those funds will only address 200 some mines at continuing cost figures. those funds have been there for a long time and not been used for whatever reason. there needs to be more personnel placed on this project. they need to work closer to parking lot project instead of san francisco or now denver is going to open up as an area. i want to see this cooperation continue at a much higher rate. what approach are you going to take when working with communities such as the navajo nation which are hard fest hit by environmental hazards and has beenar mentioned environmental justice is impo

what psome of the other tech giants where does this put microsoft in the race to scoop up these >> adobe has done some deals there are a number of companies that are quite launch that have done deals apple doesn't tend to be acquisitions they do a lot of smaller acquisitions but not big ones. amazon similarly, you saw them do whole foods right now they're a bit more in the spotlight when it comes to antitrust scrutiny perhaps now isn't the time facebook perhaps in a similar boat but you do see these acquisitions happening, smaller ones in particular i think there's a sense amongst some of the bigger companies, particularly the ones that seem to be dominant, your facebooks, your amazons, that maybe now isn't the time to do something that could be categorized as industry shifting. at least not on the m & a front. >> jon, thanks for joining us. don't forget to watch "tech check" 11:00 a.m. eastern time tomorrow and forevermore. >>> after the break, the battle of the chip giants intel dropping today we'll discuss that and today's chip shortage meeting in washington next. you're watching "clo

in fact there is 1000 homes partially made out of adobe from those mines.ast year your predecessor added the navajo abandoned uranium mines to the superfund emphasis list. this is a welcome step in the right direction it's only about six or five decades to late. two months ago the epa announced 220 million in cleanup funds coming out of that $1 billion settlement of 2015. i went to see this cooperation continue at a higher level. those funds only address 200 some minds. maybe. those funds have been there for a long time and have not been used for whatever reason. there needs to be more personnel placed on this project. they need to work closer to the project instead of san francisco or denver. i want to see this cooperation continue at a much higher rate. what approach will you take when working with communities such as the navajo nation which are hardest hit by environmental hazards? and environmental justice is important. >> thank you for raising that. we will continue to work very closely with the navajo nation to clean up those 230 sites. but there are

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adobe tracks travel. of flights, up 79% in march compared to january of this year. just in two months you have gone straight up. same with hotel bookings, gone up 64% in martha. is extraordinary. number of passengers going through tsa checkpoints, plus the europeans opening up to american tourists, you have a blockbuster summer travel season. it may be the best ever. we have the money to enjoy our summer. those emergency payments continue into the fall and there is more than $2 trillion in our bank accounts ready to spend. the authorities still urge caution but the mood has changed. anxiety has been replaced by the urge to be free. we know we're paying dearly for being couped up yet we're fed up with it. our patience is running thin. we want out. so here is where we stand. cases down, deaths down, hospitalizations down, vaccinations keep rolling. herd immunity just weeks away. we have arrived. president biden thinks we may be able to have family gatherings again by july the 4th. i don't think we'll wait t