chamath is with us the rest of this hour. >> chamath.carbon neutral. >> once it -- once eric dominates earth, we will focus on mars. >> you're satisfying all of your stakeholders, too? there's like 20 of them. i want to make sure. you know, these are the questions that need to be answered here. anyway, coming up, i love chamath. i'm going to talk to you later about some other stuff viacom/cvs, ceo bob backish. backish has big news about streaming out just moments ago we're coming right back. at's wh. good job, michael! ok, lindsey now tell the class what your mommy does... my mom has super powers. it's like she can see the future. what?! it's like she time travels in a rocket ship. that's cool! and then she comes back saying "try this" or "try that." she helps everyone. she helps them feel less worried. wow! mommy, so what is it that you do? i'm a financial advisor. she is! aig proudly supports all the professionals taking care of our financial futures. ♪ ♪ ♪ the big events are back. xfinity is your home for the return of live sports. >>

take a look at chamath's spac from this morning if we have it and you will see it is performing veryength of his presentation and announcement of that open door deal, which does have a large revenue base and he said of course they're buying it or taking it public or agreeing to it at a one timesrevenue i don't have the ticker, guys, it's long, but we will find it and bring it up for you. we're looking for it, we will find it. >> david, you're describing -- well, not necessarily a dump, but certainly a pump i don't know is that good no right? come on the show, pump your stock. >> they are not selling, they're pumping, they're not dumping they need it to go up, right, because they want it to be clearly in the green >> it's a sales pitch and i don't think people are ready for that it's not like when you bring on tim cook he says, listen, i think you ought to buy apple he says maybe you should buy an apple watch. i find at a certain point that this is going to end badly, but, do you know what, then i sound like just one of these cranks that comes on all the time, but i'm not a billionair

specifically i had asked chamath about the fees involved.20% of the company to the sponsor. speak to the economics of this approach >> our sponsor's going to have around 4% of the business so i think we've got very good terms compared to others in the market i think the way that other ceos, i have other friends in the clean energy who are considering this, have tremendously great companies, they have raised money from some of the biggest investors in the world, and this is a lower risk, faster path and for companies that are well-positioned, i don't think it's the right solution for every company, but if you're in an industry growing extremely quickly or about to grow extremely quickly and you have a competitive advantage with your technology or with the leadership you've already developed in that industry, it's a great path ipos are expensive as well there are a lot of fees associated with ipos this is another path that i think is going to enable a lot of these to get into the public markets. >> okay. tod, we look forward to following your

i feel hopeful about the future now. ♪ chamath palihapitiya >>> good morning, and welcome to "squawkamer, carl has the morning off this morning let's give you a look at futures as we get ready to trade 30 minutes from now of course, you can see we are looking for a stun open. let's get to our roadmap, it does start with the september slump for stocks, at least so far. technology stocks heading lower once again, at least many of them, and as you saw features are extending losses this after worse than expected jobless claims >>> plus, there are concerns about overall economic growth. goldman sachs cutting in half its fourth quarter growth forecast given i

way, double digits, big lineup, treasury secretary mnuchin, car louisiana harris of morgan channel, chamathn tee i can't will jn oius "squawk on the street. we will be right back. >>> tape looks to remain tight ahead of the debate tonight, but there are some dow gainers, home depot and nike lead that list and we have news on walmart, square, alphabet, bongei, target, amazon and more. don't go anywhere. i can't wiat to share at&t's big 5g news... (shouting through the glass) at&t has nationwide 5g? yup! and that's faster? faster, yea! but is it reliable? ah huh and secure! you should consider making a big deal about it! bigger? i said bigger! oh, big-bigger deal bigger than what i'm doing? it's not complicated. a 5g network needs a 5g device. now everyone including existing customers can get a free samsung galaxy note20 after trade-in. >> announcer: the opening bell is brought to you by nuveen. a leader in income, alternatives and responsible investing. >>> all right. with about two minutes to go before we get to an opening bell let's squeeze in a mad dash. est alloweder. >> the president sh

chamath palihapitiya >>> good morning, and welcome to "squawk on the street," i'm david faber along with jim cramer, carl has the morning off this morning let's give you a look at futures as we get ready to trade 30 minutes from now of course, you can see we are looking for a stun open. let's get to our roadmap, it does start with the september slump for stocks, at least so far. technology stocks heading lower once again, at least many of them, and as you saw features are extending losses this after worse than expected jobless claims >>> plus, there are concerns about overall economic growth. goldman sachs cutting in half its fourth quarter growth forecast given it doesn't see any new stimulus in sight. >>> and that tiktok trade, you can't really trade it, can you, because it's not a public company, but bytedance is formally seeking china's approval for a deal with oracle and walmart, those are two publicly-traded companies. yes, they are, jim let's talk markets let's start with that. you know, it's funny, i don't know what you make of the pull back today, to the extent we are going to h

special guests including treasury secretary steve mnuchin, carla harrison and chamath palihapitiya learnk" returns right after this that's what my dad does. good job, michael! ok, lindsey now tell the class what your mommy does... my mom has super powers. it's like she can see the future. what?! it's like she time travels in a rocket ship. that's cool! and then she comes back saying "try this" or "try that." she helps everyone. she helps them feel less worried. wow! mommy, so what is it that you do? i'm a financial advisor. she is! aig proudly supports all the professionals taking care of our financial futures. are a major security concern. cdw can assess your needs, then design and implement a secure mobility solution using the hp elitebook powered by intel 8th generation core processors. the hp elitebook features groundbreaking built-in security, like sure view to thwart visual hacking and cdw configures them to your company's specs. for mobile security, you need hp and it orchestration by cdw. [intel jingle] >>> welcome back to "squawk box" this morning take a look at futures right no

mary erdos, chamath palihapitiya and others you can visit to register.as just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots of people can learn. i feel hopeful about the future now. ♪ but a resilient business you cacan be ready for it.re. a digital foundation from vmware helps you redefine what's possible... now. from the hospital shifting to remote patient care in just 48 hours... to the university moving hundreds of apps quickly to the cloud... or the city government going digital to keep critical services running. you are creating the future-- on the fly. and we are helping you do it. vmware. realize what's possible. xfinity is your home for the return of live sports. >>> futures still down not out there headed below more than 200 points and the nasdaq was quite a bit in terms of it being in the red earlier down about 17 right now. 17 or 18 the s&p is down 13 new jersey recentl