microsoft was a technology company that came out of nowhere, became a dominant software company. thought it would go south as it was, you know, getting older and older, but transformed itself when satya nadella became the ceo. were you shocked and surprised at how the company has become one of the most valuable companies in the world again? reid: no. for a number of reasons. microsoft has always had an enormous amount of talent throughout the whole company. the technology depth -- microsoft has actually created a whole range of products not just on the commercial side, but also microsoft research. so there is always this raw amount of talent. obviously, having some key franchises like office and windows and other kinds of things and being willing to be bold in the creation of xbox and the gaming franchise. now, that being said, you know, the thing that satya brought back with vigor to the company was a focus on earning the ability to build the next generation of products, you know, starting with azure, but also transforming across the company. a "we are only one company in this u

company.o, come join paypal full-time and help us, because, you know, you have been helping us so much on the board and you understand this stuff and we have so much to do, because paypal was an early blitz scaler. it's theory was that it would be a bank and that was not a workable theory. so we had a great customer acquisition engine, but how do you redefine the payments, with payments with something in front of it, even if -- even as it was exponentiating its burn rate. so i joined paypal, stepping off the board. david: paypal was ultimately sold to ebay for about $1.5 billion or so. you got your share of the profits and then became an angel investor. for those who don't know what is an angel investor, as opposed to a devil investor, what is an angel investor? reid: [laughs] angel investors are individuals usually with some expertise in this area or knowledge of the entrepreneur that tend to invest in the early stages of a company. frequently an idea on the back of a napkin or an entrepreneu

less technology companies -- large technology companies will not be hurt by this legislation. enter premiers like me will be and american households who rely on innovation will also be hurt. madam chair, ranking member lee, to protect competition and innovation we do not me -- need sledgehammer sweeping legislation without the risk of unintended consequences, we need a scalpel to carefully dissect understand, and address unique circumstances of each acquisition. and that scalpel lies with leg -- with regulators. as you said at a recent center for american progress event, but the right people in those agencies and give them the resources to do their job. thank you for this opportunity and i look forward to your questions. sen. klobuchar:, thank you very much. next up, but i will note a number of people are in the agency doing their jobs or have done their jobs including the former head of the antitrust division under president trump believe that we need to make changes to the laws so that they can actually do their jobs to enforce the law. with that i will turn it over to profe

we're focused on mining companies and cement companies and steel companies.fact, the largest steel company in the world is an investor in our company, both privately and in this going public process so, we're focused on those markets exclusively. we're hoping those companies reduce their volatility and take control of their energy production on their own premsis. we will take that department of energy $39 million reward and begin construction on that project in 2022. so we're very excited to move forward. the department of energy a grant for us looking at many companies who can make a big impact on the energy transition and chose us to invest in >> well, bill, a banner day for your company, for you to close out the year congratulations. heliogen up 25%. thank you for joining us on "techcheck." >> thank you very much >>> amazon's underperformed the market this year and some new data is providing even more fodder for the bears that story after the break stay with us my hygienist cleans with a round head. so does my oral-b my hygienist personalizes my cleaning.

so there's quite a lot of companies in between. 0k, what i want to do is show you the companies.oing to let you unroll it. so, just so you know, that's four seasons and this is to give you a sense of the company structure and how many companies are involved. oh, my god! we are at the end of the table now. what's your reaction to seeing it set out like that? i'm gobsmacked, to be honest with you. no, i never knew it was this big a scale. ifeel like ripping all this up now. the four seasons group has a complicated structure. in 2019 it was made up of more than 160 companies. including two at the top of the structure based in offshore tax havens in the cayman islands and guernsey. once it goes offshore to one of these jurisdictions, it provides almost a kind of a protective cloak for them. it gives them some sort of anonymity which means that it's harder to follow where the money is going through their accounts. in the 17 years sincejon moulton's firm owned the group, it's been bought and sold three times to different private equity companies. and the structure's become more complex

can this company run?they have debt or are they able to, can they use cash flow to cover the responsibility's? then you think about other considerations such as the broader marketplace and how we step up in a world that's incredibly challenging. that is a broader strategical way, a tactical role in that is part of being a good board member. >> you write how many people stop eo the risks members take on from a strategy around the company and operations not just having short-term thinking from a public part of the role ceo succession. we know now the most expansion by quite a bit. can you tell us in your succession in the past, is there a different question you are asking and what is expected of business leadership? >> the truth is, it's important we understand in a sense corporations are living organisms, collections of humans and human changes, context changes and recently a port calling from a company i served on a while ago in his 80s, he said the only thing i can guarantee you're always going to be surp

companies is three weeks away.was the slowest job growth in the u.s. this year is by unemployment falling. on top of the news of the omicron variant is spreading, the u.s. labor secretary remains optimistic. he might feel good about where the economy is headed but investors do not agree. let's get to ed ludlow. ed: we are taking the jobs numbers in stride as a mixed bag but the main takeaway for the market, it does not change the outlook for the federal reserve and its rate policy into 2022. what do we see with risk assets and tech shares? look at what is on the board. the index gauges mega cap tech stocks and chinese adrs. they bore the brunt of this. it was down by the most in one day since march of this week -- last year. investors pull out of the stretch valuation tech stocks. this is an index with u.s. listed chinese companies down significantly ince -- since 2008. we will come to dd in a moment. crypto was up. i don't want to pick on one company but let's talk about meta, the company formerly known as faceboo

that was one company.ompany that started off saying it made cupcakes and then immediately switched to touch screens. that's their business. cupcakes or touch screen, depending. we learned about this odd business from "the washington post" today, which noted the same shanghai folks behind that company also ran another company, this one claimed to be a smartphone sales company in miami beach. but it did not appear to have sold anything, not a single thing, ever, to anyone. you're a sales company? there was also a company run by the same guys in shanghai, different company, that claimed to be developing autonomous drone software. pretty cutting edge stuff. well, that company, it has zero employees, maybe the drones were so autonomous, they were going to design themselves. really cutting edge. so the s.e.c. looked at these companies, publicly traded companies in the united states, that all appear to be fake. and the s.e.c. determined that, yeah, these were fake companies. these guys in china were not running c

t global, the ride healing company, china, china is right here in company. it's announcement that it was the listing. it's going to the list from the exchange in new york and list in hong kong, presumably. and we've got pressures like that, like that $0.15 time with the treasury sanctions against a technology companies involved in, in seeing john and human rights abuses. and she and john and then also we've got issues like the one facing dd where the track this, the pressure is coming from a chinese government which wants to control the potential flow of sensitive data to overseas. are i sure? so pressure from both sides on companies doing business in both countries. when ask about this new law in the u. s. this is seen as one of the toughest laws on the books facing some large companies that are doing business there, including apple, including mini textile manufacturers. how tough can this be? will this be, how do you look at it? i think it's a tremendously daunting from the company's perspective. they are being asked, the owners of proof is on them to show

and the excitement of the company is very real and meta captures where our company is going and thee that we want to build but our mission has not changed. meta's focus is around building the metaverse, continuing to let people connect, to grow businesses in the way they have with the facebook family of apps over the almost 20 years that we have been going. it really reflects and also solves the confusion that there has been caused by a company named sharing the same name as our biggest app. facebook started as a single app and now we are a whole family of apps and services with instagram and whatsapp and so many others and meta brings together all of these apps, all these technologies under one new company brand. emily: the facebook files have revealed some of the ills of social media that facebook knew internally, but from the public perspective, it appears you did not act on. that instagram was toxic to teens, only 5% of hateful content was taken down. is facebook taking a look in the mirror right now, or running away, or are you committing to double down and take some accountabi

so china, the suppliers of companies like intel and many other companies. they're, they're now going to potentially push back and say, well, they don't want to, you know, with their ass whether they're sourcing for machine john and using force labor. they very well may push back and not answer that or not be be able to, we're willing to address that issue or putting those companies in a further bond decks are briefly what kind of backing can us expect from the e u when it comes to this hard line against china briefly, if you could i think that we're seeing some sort of, if you will, and increasing mean of mines over everything from concerns about china's mercantile us trade practices to issues like human rights abuses. and i think with the election in germany as well, we see an announcement by, by, in this case, by the green party that they want to have a more values based for foreign policy. and i think we'll see more of him going forward. all right, next to roberts, as a journalist and senior fellow with the atlantic council, thank you very much. thank yo

all of the companies, government, google, energy companies, forestry companies. new sector we are going to will be exciting as well, things like insurance, finance. in many of these sectors, the principal value of the data is huge. for example in finance, the worldwide yield of corn or soy, we can calculate that before anyone else. . we have that data. they want time-series calibrated data and we have that integrated. we have the satellites, the data, certain analytics product. as we build up our software stack, we will enable more users. our colleague, he used to be the head of product at twitter, he said it was a firehose of data, but it wasn't useful to the companies. we have a similar situation, if firehose of data from space. it is our job now to make it easier and easier for more and more people to access. emily: planet labs had a huge lead over rivals, now there are more and more imaging companies and we expect that to continue as the cost of entry comes down. you think it moves fast enough? and do you see products beyond imaging technology? will: firstly,

sales company? by the same guys in shanghai, a different company that claim to be developing autonomous drone software. pretty cut ago cutting-edge cuff. and that company had zero employees. maybe the drones were so autonomous they were going to design themselves, really cutting edge. so the sec looked at the companies, publically traded companies in the u.s., and they determined, yeah, these were fake companies. these guys in china article not running companies selling smart phones or drones or cupcakes or touchscreens. but if you are running publically traded entities, there are a lot of rules about not being fake. so the sec stepped in and more or less kicked them off the stock exchange. for a couple of them, they issued what is called a stop order, and they forcibly stopped them from selling any more public shares. and stop orders are a serious thing and a rare thing. and in the past 30 years, 35 companies total have gotten stop orders. of the 35, at least 3 them were run by the same group of gu

— a company that obviously owns shares in a huge number of companies, millions of dollars' worth ofa conflict of interest there, but many norwegian politicians said that if that was the case, you would be a walking conflict of interest. couldn't you see that? it's very interesting because we made a structure which is equivalent to the type of structure you have in the uk — when politicians take a position, they put their assets into some kind of blind trust of which you have no control. that works in nearly all countries and we had expected that to work in norway, too, and we thought it was a completely watertight type of structure but it didn't work. so, therefore, we had to... wasn't there an incident where, actually, the oilfund, the sovereign wealth fund had to stop a trade in rolls—royce shares because they were actually being sold by somebody representing your hedge fund? and you'd already been appointed to thejob. and it did look like a profound conflict of interest. but, again, did you not see it? didn't know about. there was a particular case there which i didn't know about

exposure to these companies. where also recommending the removal of three companiesfrom the restricted list . really because they were merged with other companies here. and that with an other relevan . we then have the two companies that we've identified as the watchlist. due to their relegated climate transition risk and we intend to engage these companies as part of our climate action priorities focusing in on the seven companies that we identify and the memo as where it's more meaningful equity exposure is the best way to prioritize status resources engagement. the engagement will continue to be through the same variety of means we have now which is letterwriting , dialogue with management and board and voting on shareholder proposals. annual elections directors of those entities. we view this engagement as essential to continue to focus on reducing real economy carbon emissions reduced by companies so because we cannot diversify a way from climate risk, we feel it'sessential to continue to keep a seat at the

there is a large list of companies that did that. it is the companies that you missed.witter, pinterest, those are much worse outcomes than you put in money in a company that went to zero. >> if somebody says i want to be the next reid hoffman, or would you say is the best training ground to do that? how should somebody prepare? >> i am still young enough and hoping to be the next reid hoffman myself. there is a number of people who are like this within silicon valley. who bring an under manorial -- entrepreneurial mindset. i could literally spend another hour listing names. other areas by which we collaborate with these people. there are a lot of people who are all going to be the next themselves with this amazing kind of track record. good luck. ♪ >> let us take a look at japan and korea which has just come online. retail sales data coming out, muted a lower offer the tone. retail sales of lower for the third month in a row. 2.2% in november. it missed the survey but it was better than the previous one. japan up 1.9%. department stores up 1.4%. that was a miss. the

i think you have a great company. i was so glad to see it above 10 we've been so tough on the spacs but to me you give people a little sense about how the millennials, this is a very well known brand among millennials. some of the older people think, listen, if it's not costco, listen it works for people in the suburbs and the country. a lot of people in a hybrid home and also in the city must be doing terrifically >> yeah. you know, that's absolutely right. and partially why i thought anyone redeeming i was -- you know, i don't know why they would, especially given right after we debuted it it spiked up to 16, 17 bucks. if they had held on a few hours they would have seen great returns. overall is the starting line we'll continue to service the customers and continue to grow the software business. in our latest s4 filing we took up our revenue from 12 to 17 million this year and took up next year's number as wempt a lot of robust growth there also a really bright future for the overall business >> then one last thing

you buy the next hot company and just keep going that way. companies need to die.s here are gone. there are a few residual survivors but that is a good thing because we constantly need to refresh with new talent, companies and ideas et cetera and if we are going to have a handful of gigantic companies that absorb everything that poses a potential threat, this isn't the valley anymore. a. >> because of social media, you mentioned facebook, a lot especially the founders complained to me that because of social media, everybody knows everything about us and they look for the dark side of success. there is this perception people didn't know about that. i looked at the book again and i was struck there were all these wonderful human beings changing the world and all that and then i find i did work with them on toxic chemicals killing people in the valley and espionage and drugs and everything else running around the valley even in the 70s we had the girl family trying to pick them off of the loading docks to sell them on the market. not just our enemies but there was a s

there had been a whole host of investigations of other companies-- companies that are industry leaderse paid. and so, i think the market looked at this as another investigation, one of many. >> narrator: insys' stock price rose. by early 2014, john kapoor's investment was approaching $1 billion in value. >> and around 2014, i started to publish research on ins. >> and you recommended it to investors to buy. >> i did recommend it, yes. >> narrator: but a handful of high-level investors were not buying the insys story. >> there's a class of investors who go short. they take out bets on the idea that the stock price is going to fall. it's a rather, if you like, sick and perverted mentality, you might say. but without them, we would have a financial system that's a lot less effective, because in a way, shorts often keep the rest of the system honest. >> narrator: jim carruthers was one of those short sellers. he'd just started his own investment firm. >> someone had told us that there were only a small number of doctors that were, um, approximately, you know, 50% of their entire revenue. r

, mapping companies and so on.edge funds, insurance, and so on. we need bridge the gap to data they can use by doing analytics it makes it easier to use. sales and marketing and software >> let's talk about how quickly you are expecting to grow. you mentioned a 40% growth rate over the next five years is it still your expectation >> i'm confident in our plans. we did project growth and we have all the pipeline to go after. >> how large will you have to grow the constilation to get there? >> it's fully built and now we're enabling the utilization of the data. we constantly update the satellites but the main effort is on software to make it easier and easier to use. not just for google and in big ad companies or government but lots of other users like developers and those hedge funds and insurance companies and so on and that takes a fair bit of software >> and i'm curious about new use cases then defense intelligence is something else you've been mentioneding as well >> we help countries with border security, also d

there's talk about every company being a software company i don't know about that, but if every companyelopers, they'll need some picks and shovels, right? that's part of this dev ops story. >> yeah. >>> meantime shares of ride hailing giant grab, biggest spac this year, have plunged since their debut. jp morgan, though, says now is the time to buy. they initiated overweight today. >>> coming up, reddit founder alexis ohanian will join us. don't go away. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care. i think you're going to like it here. umm, why is everyone... throwing things at me? look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team, rand

enough every company is a digital company and every media company is certainly a digital media companyo talk about this big deal. >> thank you so much. >> take care >>> after the break, another downgrade to mention evercore isi taking dell down in what they call a no-drama downgrade for more balanced risk reward profile and thinks upside could be more muted. we'll be rhtacig bk. you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. ("jingle bells") ♪ (doors knocking and bells ringing to the music) ♪ - [announcer] this holiday season, give the gift of grubhub. every day in business brings something new. so get the flexibility of the new mobile service

regulators that oversee the audit of public companies to inspect the audits of chinese companies thatre listed and traded here in the united states in 2020 chinese firm luck and coffee fired its ceo and its coo for accounting fraud that increased calls for action here in the u.s. the law permits the sec to ban companies from trading and be delisted from exchanges if the pcaob, that's the regulator, is not able to audit requested reports for three consecutive years. it also requires companies to declare whether they are owned or controlled by any foreign government now, the rules adopted today establish a framework for the law's implementation the finalized rules will allow investors that are not allowing the u.s. regulators to inspect their audits this is a very tough situation investors say it's the chinese regulators who are preventing the u.s. regulators from expecting the audits, not the companies. the issue unfortunately has become very politicized. these companies are all audited by the big floor accounting firms. but under chinese law, regulators are not allowing those audits t

the good news is that one company fintech digital wallet company which i'm involved with is the only coppa compliant digital wallet. thank you again for giving me this opportunity to participate today. i look forward to your questions and continued to work with you and your staff. we must all work together to fix these important problems, because at the end of the day it is the right thing to do. thank you. through corporate campaign and strategically regulatory filings we have changed the marketing and data collection practices of some of the world's biggest companies. currently we are leading a to stop facebook from launching a children's version of instagram, and last week with other leading advocates we launched design with kids in mind, , campaign to demand regulations that require online operators with kids interests first when designing the platforms. frances haugen has shown a critical spotlight on instagram harmful impacts on teens, and facebook's callous disregard for children's well-being. but it would be a mistake to view her revelations as problems limited facebook and i

companies to make decisions that have massive implications for all of us. not only the individual benefits we realize in the technology but also social effects increasingly social harms that we can no longer avoidid. >> are right, let me hop in there i'm stuck in the queue. i will put in the way i do not have a policy background i don'tvi o have the technology background of the tools and technologies that came out silicon valley. undermine points of view it's what's important to me, private governance. the big tech company located here in the valley partially in seattle have acquired something akin to a grab over our lives. our lives of individuals and citizens in a democratic society. the programming, countercultural attitude of the early age of silicon valley have now become the goliath. in the pandemic has reinforced for me were a already aware of the problems of big tech our lives to become an even more enmeshed in the decisions made by very small number of people inside a very small number of tech companies. even 18 months ago dependent on a small numb

it respects company's choices on where to list. regulator also dismissed as completely misleading the idea that beijing was discuss couraging u.s. i.p.o.s or that the demise of the variable interest infrastructure is near. it's been used to allow chinese tech companies such as alibaba to get around some of the regulations here in china to list overseas. the crsc added it's making, quote, positive progress with the s.e.c. in defining national security risks this highlights the internal struggle we're seeing here among china's government agencies as to how to balance beijing's priority national security, for example, versus making sure that some of the private companies are flush with cash. again you're seeing that internal struggle really playing itself out on the hong kong shares of china's listed companies. it's unclear which priority and agency at the end of the day is going to be empowered. however the tech community here believes that whoever is empowered by president xi jingping is going to be the one that wins out. whether co

country -- company's under order. real question is do they have the resources to make certain the company is following the consent agree? the answer to that question is no. >> i agree. i think $5 billion is a big fine and is actually much larger than we often held for this paradigm it far dwarfs anything they would obtain there. i think the other part that you need to look at is the obligations in that order. when you look at legislation and the ability to impose some of those kinds of obligation on all companies, i think that is why federal legislation could be a good path forward, not just unfair or deceptive acts which i think the ftc has done a good job with considering the limitations that has. >> from a small business perspective, $5 billion is a lot of money. what you are asking is did he create havey or change? as we keep talking about compliance, without that, you won't see behavior change. they're looking at the lengths and breaths of the law and see how close they can come to the line to comply and fight it

there is a fast-moving competition between companies in silicon valley and companies in china. think that is part of which systems will be the systems world operates in. i think that is in deep competition. i think we are already seeing chinese platform companies beginning to make strong headed roads into the u.s.. tiktok is an obvious one. i think you already see it in drone manufacturing and dgi. there are a whole bunch that are already gaining massive global relevance. >> one of them is cryptocurrencies. are you a cryptocurrency aficionado or not? >> i am. if you go to youtube and search for bitcoin rap battle, this is inspired by alexander hamilton the musical. ♪ i funded and produced a rap battle between alexander hamilton and -- i think there is a real world for cryptocurrencies in helping this evolve. >> do you invest in cryptocurrencies yourself? >> i do. >> what about transportation? are you a big believer in autonomous vehicles? >> i am. i have vested -- i invested in aurora. it is about when. it is about how soon. it will serve tens of thousands of lives. it will ena

companies into that larger semi group company. >>> move along to lululemon now.his year. analysts looking for lulu's forecast to see how durable the transition to athleisure is. courtney reagan is here with the story. did they just get another big help with omicron and the idea that work-from-home is still going to be with us for quite some time? >> very possibly, kelly. we know that athleisure has so many players but lulu really has a very secure spot in that ecosystem. it's sort of a very desirable brand for many people. and we know that the google search trends actually are seeing about a 34% increase compared to sort of the same time in 2019 so we think the momentum is sustained here if we're going to stay at home maybe one, two days a week, maybe more than that what's better than sitting in those lululemon pants? i think there might be some concern about what's going to happen with that mirror acquisition if the company is really going to be able to turn that into a profitable enterprise so i think we're looking for some clarity about that on the call but co

for instance, they focus on smaller biotech companies. what are they supposed to do that's their mandate are they hoping that 2022 turns the page. >> i think they could be faulted, not them specifically, some of the hedge funds could be faulted for their shorting some of them have shorted things like the s&p 500 as opposed to specific biotech shares. that has hurt them so they argue while we're in a really remarkable era for biotech, we're seeing it with the vaccines with some of the therapeutics that are coming, now is not the time to sell. the argument is, yeah, these companies may be attractive, but these stocks are still relatively expensive on a historical basis. >> it hasn't been a great year for investment returns could you zoom out and put this in context for us. are these the best of times or worst of times for biotech companies themselves a lot of capital raising, a lot of companies ipo'ing could be seen as a positive from everything that's happened with the efforts to fight covid is it better than it appears if you look at the

company after company after company and now it's just -- and then he finished he came on the show andthe companies and we're just going to harvest here. they're the low-cost provider of health care in this country. and they do a great job. i would tell people, even up here, just spiked. it's not an expensive stock. i like it more than i like you in age in the 90s unh was the 21st industry -- >> look at the stock look at how well it's done it's a fantastic -- >> it's up another 42% over the last year. >> they do stuff they do stuff. plus, they have optum. >> look at that name >> it's fantastic -- it does -- david, unh is a cogreat company. people are going to hate me that i like these -- >> nobody likes their health insurer. >> look at cvs versus walgreens. cvs bought aetna initially now we have a company, cvs, that's probably going to go through -- they do stuff that's probably up today and i really like cvs. look, it's at 100. they do stuff. karen clinchlynch is doing a remarkable job >> it sounds ominous, doesn't it >> doesn't it? >> it doesn't sound joyful >> disney is your charita

is a tech company every company is not a tech company. i'm not sure how you would define it, but my sense of it is does a company have unique ip technology wise that gives customers a unique advantage you know, versus do they hire a bunch of software developers and do they use technology to run their business yeah, you know, people can hire, i don't know, a whole bunch of custodial staff but that doesn't make them a cleaning company every company is not a tech company, right >> well, first of all, let's just start with the easy one tesla, you know, we don't think is a tech company. the more we're talking about tech they're an innovative company but not an technology company. more importantly you have every single bank right now saying they're a technology company and every industrial firm is saying look what we're doing with big data that's great users of technology and make them more efficient and that's why the tech companies are doing so well because everyone's adopting it. but, no, there are tech companies and not tech companies. for

hate the stock the company is a good company.ss like a lulu that's good. i happen to like my favorite it's acting horribly it look likes a disaster i continue to believe that it's a stock. i miss you let geese to tim in arizona. tim. >> caller: my main man jim how you doing? >> i am doing well never felt better. how about you? >> caller: i'm great i want to give a quick shout out to a good friend of mine and a bull himself willie t the stock i have is netronic >> i think they have been exkutsing poorly i think even here, you got to sell metronic and buy ew which is what i'm going to be talk about with the club. we think it's a fabulous story >> jim, it's quite an honor to talk to you. i wish you a happy new year from the great state of texas >> i like it i think it does a good job i think you can buy it i need to go to chris in illinois chris. >> caller: how are you, jim? what's up? >> not much. >> caller: i've been taking a sh shallacking and i bought some more what do you think? >> it's like drinking tur turpentine stock stop a

companies.ults of a just capital exclusive survey next. >> now the latest from trading nation cnbc.com and a word from our sponsor. what's strong with me? i'm ready for anything. find out what's strong with you with fitbit charge 5 and daily readiness. >>> welcome back to "power lunch. cnbc and just capital announcing a media partnership that will allow us to bring the viewers the just 100 rankings. not just 100 it is the just 100 rankings this january as well as other reports throughout the year with detailed metrics how fortune 500 companies treat the stakeholders from the push on initial to esg and today the foirm releases the survey on the top topics to prioritize joining us is just capital's ceo martin whitaker. welcome. let's go through these thing just you look at i don't know how many metrics here. maybe 15 metrics and the thing that was number one was pays a fair living wage that's what people want out of these big companies. >> thanks, tyler that's exactly right it is 20 issues. the is

>> senator i'm looking forward to talking to you a bit about your proposal to break up big tech companies in your new book but we want to start with events at january 6. senator you were the first senator to object to the certification of joe biden's electoral college victory writing your book quote my -- was to raise the objection of one state during the certification process. senator what responsibility do you feel for the cascading events that resulted on january january 6? >> listen i did what i said i was going to do on jenner's six was to voice my concerns about election integrity misses something by the way the process that i used to do that the democrats have used in three of the last presidential elections and in fact every time a republican president is elected since the year 2000 democrats have -- over those presidential elections or the law provides for that as well as the rules of the house and senate provide during the electoral certification process objections in debate if there's an enough objection and debate and then a vote which is what i did joined by a number of my co

i had a daughter, but she's not interested in managing the company has nick dantoro, but the company will go on. we're making sure that doesn't. yeah, we're promoting people within the company and training them up to the point that they're able to emulate our business style for them soon. it does. oh, did i say that right york? is that the state one? can't it? yeah. the style of course, the state gets a chance, there are good legal options. it work, you need to be well informed typing from a tax point of view. we're in a good place, but i don't mean we use text with a taxes one on these are not the, but the possibilities offered by the german state are not bad at all. me. so not the couple have just returned from a trip to italy together with their most successful sales staff. they flew in a private jet to an exclusive resort. no shopping if so i'd sent you these 5 pictures. how should i capture them as, as just say it like it was the, the annual winners the best of the best in italy, in italian? williams, if you laugh or cry him to fight. we've got very many successful employees, in

so pressure from european companies and u. s. companies, it's china starting to look else where it's focused on trade. well, a lot of this, i think china still really wants the technology that european companies can offer, particularly on the, on the industry side, on, on the u. s side is much more of the tech side, you know, there's another, there's another debate we could have about how you're being companies. i haven't just are not at the races when it comes to tech. but and yeah, i think, i think there they still need this tech so, and they also, but another thing we should keep in mind is that they have rules as well. that companies in china cannot use the m there. they're not allowed to take goods from companies that follow sanctions. so it's a really, it's a really problematic issue. it's kind of a double bind for european companies. we've been saying, i mean, people love china. alice have been saying this for years that this is coming. you know that eventually you're gonna have to make a decision about this. and, and i

all of these companies have v i.e.res and the company and government is very concerned about the sensitive information in the hands of foreign investors. this is going to be a big story. >> a potentially very big deal. stephen engle in hong kong for us. thank you for breaking that down. that does it for this edition of bloomberg technology. join us tomorrow. i am emily chang in san francisco. this is bloomberg. ♪ it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. ♪ shery: welcome to "daybreak: asia. haidi: we are counting down to asia's major market opens. wall street has its

they were trailing companies favored by mutual funds by a record amount. the question is, will the mentality behind amc and gamestop thrown aside? will caution take over. let's start with how gamestop is doing. sonali: this is a stock that rose 830% on the year, and now it is taking a dive after hours, down more than 5% on the -- in the last hour's trading, missing analyst estimates on profitability, or the lack thereof. there net loss had widened. people getting burned today. romaine: a lot of moving parts right now with gamestop your let's bring in someone who has been following this company from a fundamentals perspective, and investor in it since 2017, rod alzmann, founder of gmebe.com. what are you looking for out of the company overall with regard to their strategy, with regards to their earnings or the lack thereof? rod: sure, romaine. thank you for having me back on. they lost money but i think we should look at what the company has told us is important. they told us they think net sales is the most important metric if we want to think about their

that companies in china cannot use the and they're, they're not allowed to take goods from companies that follow sanctions. so it's, it's a really, it's a really problematic issue. it's kind of a double bind for european companies. we've been saying, i mean, people love china. alice have been saying this for years that this is coming, you know, that eventually you're gonna have to make a decision about this and am. and it seems that they haven't really done the due diligence. so this decision might come during the course of 2022 by mid. how, if you can get your crystal ball out and predict this for is how is china's relationship with the world going to change over the next 12 months? well, this is, you know, obviously looking at my crystal ball and there's no sign that china has any interest in backing down on this. you know, i mean european company thing, any dialogue with china, but i'm dialogue with china. why would you be interested in dialogue? it's got all the money, you know, it doesn't need us, you know, and a lot of european companies, particularly in time, a pandemic, are v

in that company.pany that i love. i wouldn't still be here if i didn't >> can the union have leverage if it's one store? >> that's a great question it needed to start with one store. this is a flu way for the labor movement in buffalo for organized labor. workers are standing up and demanding they get the respect they deserve for the profits that are earned off of our backs. we need to get them to the bargaining table sooner than late r and negotiate that contract it's that contract that will allow for other stores to want to follow in our footsteps >> you believe they may give a better deal than the 200,000 other workers get at starbucks >> ill never sign a union contract where i was gettingless than i'm getting now i would hope they would. they are a progressive company starbucks always claimed they were a company that stood with their workers and stood with the community and they were a prince among men, better than a lot of companies in this country for what they offer for their workers. they can

and 30% growth in fiscal 2023 meanwhile, docusign seeing a complete drawdown plummets 40% as the company lowers its revenue guidance the report spurring a flood of downgrades and price cuts with citi's tyler calling the results one of the biggest in recent memory both ceos will join us later this hour. john, just wondering what you see here as we see this divergence between the different pieces of tech >> well, julia, i mean, partly i think we're seeing a shift, a realignment in expectations. like yesterday we had on frank from snowflake and we had from opta both of those stocks had sold off and then they turned in these results and they pop up. by contrast, you take a look at what happened in a lot of the hardware names, the expectations hadn't been so hot and so, carl, now that people are understanding particularly when it comes to marvell, we've been talking to marvell a lot more this year. matt murphy has been saying that they've got a lot of gas in the tank that people aren't accounting for and this is the quarter, this is a breakout quarter they just had an analyst day and after th

those companies are there. the decision to partner with us commercially like all infrastructure is a considered decision we have a measured model that is more familiar to enterprise software cycles. i really don't think that changes. that's how people need to consume this stuff we are people. we want to work for people we trust. our products are not things people buy by credit card. for us, it is relatively straightforward. >> we look forward to seeing that begin to trade. great milestone. hopefully talking to you every quarter. dave mcjannet. >> thank you very much thanks, everybody. >>> after the break, rent the runway down almost 50% since going public in october not long ago. we breakdown the first quarter and dive into the model of other retail companies stay with us back in two. jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great

>> fedex, ups, amazon, trucking companies, railroad companies are all facing higher labor costs and all fighting for the same people. there is a small pool of people out there available to work and everyone is fighting for them. fedex had $450 million last quarter. this year it moved up to $470 million. not only are they paying up higher wages, but they are increasingly getting efficiencies put into their network because they don't have the right people or resources and the places they needed -- in the places they need it. if they don't have people in one hub, that means freight needs to be diverted or it might take more time for it to get processed, so the costs are driving that $470 million. we think that they will continue to face labor shortages. the good news is that for them, their peak season is almost over and some of the seasonal employees might become full-time employees, which is usually the case. they can have a good pool of people they can turn to therese taft some of their networks where they need people. >> fedex says expected costs will subside in the second half of the