i think that will happen again chuck robbins, thank you so much for coming on "squawk on the street." >> thanks, jim, thanks carl. >> good to see you, chuck. from chuck to another big interview in the next hour, don't miss an exclusive with intel's pat gelsinger, we'll talk about chip investment and a bunch of other things facing the industry and the country in the meantime, futures still seiounrwdaas we get athursy ssn deay and "squawk on the street" continues in a moment. all around you... where you learn, work, and fly... we help make them healthier. we are the people of abm. for more than 100 years, we've been a leader in making spaces cleaner, from the things you touch to the air you breathe. today, more than 100,000 of us are innovating to ensure spaces are more efficient, healthier and safer. abm. making spaces healthier for you. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got so

very much part of the iot, or internet of things this is like cisco i feel like i'm grilling with chuck robbinsd control their own temperature. they're connected to the cloud they can be controlled via an app. traeger also got more than 1600 digital recipes. you can select one in their app and then click make now to start running the cook cycle, which sounds incredibly convenient maybe it's better than that stupid pickle recipe i got from pinterest where my kids say they taste like cucumbers and vinegar. anyway, perhaps more important, this company is increasingly has a razor blade business model they sell you the grill and then you get years of recurring revenue because they sell you all kinds of cuonsumables this is dog food is this dog food did you guys -- i'm looking at my staff to see whether they're playing a trick on me. we're talking about these wood pellets that set traeger's product apart and also various rubs spices, and seasonings last year, consumables accounted for 22% of their sales traeger is also building out its own direct to consumer business, although it's still small. it on

hopefully by the end of the year >> at this point now, there are people who source better than others chuck robbinsas had some problems, sourced very well. i know david you're going to say, jim, what is it with you? ford has sourced better than gm. ford is going to have the chips it needs for the f-150 lightning, which is their best seller already without even having it in the market. >> right >> but i think that we should not lump together all of these companies. one of the things i'm interested in is global foundries there was a story that intel is essentially buying them. >> that hasn't gone anywhere >> i don't even know if it's true >> i don't know, i'm not sure either. >> but they'll come public and we'll get a better read on this industry it's the foundries taiwan semi is a remarkable company. we've got to preserve taiwan no matter what. taiwan is very pro-u.s the chinese do not want taiwan semi to be in the orb of the united states. >> i wanted to just end with activision blizzard, a rare update for atvi, stock down about 3.2% this year goldman sachs says it's one of its top non-faang 2022 i