caroline: coming up, all things cybersecurity with the crowdstrike ceo.s is bloomberg. ♪ it's official, america. xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best price for two lines of unlimited. only $30 a line per month. that means you could save hundreds a year over t-mobile, at&t and verizon. the fastest mobile service and major savings? can't argue with the facts. no wonder xfinity mobile is one of the fastest growing mobile services, now with over 5 million customers and counting. get in on the savings and switch today. caroline: open back to bloomberg technology. i'm caroline hyde in new york. ed ludlow is at ces in las vegas. 1000 or so people there but you must be bumping into a view executives? ed: we joked about how automotive technology dominates but you have samsung here with splashy displays. there's an emphasis on cybersecurity, which i thought was interesting. i caught up with the cyber security agency chief director jen easterly who is hitting on if you want to work on tech, you need to be focuse

>>> all of that against the backdrop of the trade show that's where ceos of amd, qualcomm, and crowdstrike look at it. julia boorstin is off on the ground there good morning, jb. >> it's a lot smaller than when we were here in january 2020 after years in which they featured far out robots, this year the focus is more on the practical with a particular focus on transportation sustainability and digital health one example in the digital health, u-vice you stick in your toilet we've seen samsung features flashy giant tvs including a t telemedicine app there's a new standard protocol being featured to reassure consumers if they invest in products from samsung, apple, google, and others, they'll all work together, this as they project a 2.4% decline in took spending from last year. last year it declined from 2.9%. >> despite the challenges, you know, this is no time to hit the brakes and stop the progress that the tech industry has been making. >> i think tech is very resilient. at the end of the day, people still want to enjoy products, they want the products to make their lives better we're e

and crowdstrike off another 9% it was triggered by strong jobs numbers and we'll talk about it later in the show. and initial jobless claims were with the like a four-week low. and challenger layoffs came in better than expected so what does the fed do if the labor market is still so tight they're going to have to keep going. >> they're going higher for longer and there is no question that there is a lack of skilled workers out there. people are talking about this dynamic is a very different structural labor market than in a while and the participation rate is significantly lower. so the fed's job is difficult. and the fed minutes, which they always seem like they're yesterday's news, because they are. but yesterday that was part of that move higher in the terminal rate there were some elements that we may soften up our approach to how aggressive the hikes are but there are no question we can't let the market, and they even said that, we can't let the market go soft on 2% inflation that is still the target so getting it back to the market, i also look at a bunch of those great discre

and get your act together and that is fortunate because we can continue this conversation with crowdstrikerge kurtz. do you agree with that that her message was to you? that you the private sector also those outside of cybersecurity need to be doing a lot more? guest: it might be more to microsoft, you would have to ask her. as an industry, we have to have security built by design and we are at cb -- ces and there are a lot of consumer devices that come to the consumer not secure out-of-the-box and not looked after for their lifetime. that becomes problematic and it creates risk in the environment. ed: what did you mean by microsoft? guest: when you look at the technologies in play and the exploits that have happened they are on microsoft technologies. patch tuesday is how many vulnerabilities can we patch? i was on the panel with her today. she was saying you can't blame the victim. in other crimes, we don't blame the victim. in cybersecurity it's like he didn't patch it. how did the vulnerability get there in the first place? creating secure software by design is really important. caroli

we're going to sit down with ceos of amd, qualcomm, and crowdstrike and nasdaq's adena freeman. >> and with good data how tech stocks do pretty well with ceos. look forward to that let's get to the judge and the half >>> welcome to the half time report i'm scott wapner front and center this hour the only question that seems relevant right now -- are we going back to the october bottom or not our investment committee on day two of the stock summit. let's check the markets because we pretty much are at the highs of the session nasdaq having a pretty good day as well despite the fact what microsoft is doing, which we're going to get to in a second. farmer jim, i want to know your opinion on the question of the moment because that is the debate in the market right now josh sat over there yesterday and suggested he thought we were going to go back to the bottom if not reach it. what do you think? >> happy new year, good to see you. unfortunately, happy new year the same as the old year >> is it happy new year for you and your stock market prognostications >> i feel pretty good. to your ques

we're going to sit down with ceos of amd, qualcomm, and crowdstrike and nasdaq's adena freeman. >> anddata how tech stocks do pretty well with ceos. look forward to that let's get to the judge and the half >>> welcome to the half time report i'm scott wapner front and center this hour the only question that seems relevant right now -- are we going back to the october bottom or not our investment committee on day two of the stock summit. let's check the markets because we pretty much are at the highs of the session nasdaq having

negative week in a row some of the biggest losers on the ndx include software names, data dog and crowdstrikehem along with tesla which has lost nearly half of its value since december we'll take a closer look at that later on this hour right now, s&p close to a two-week high. 3874 "tech check" is back after a break. to adapt in a fast changing world, you could hire a professional pit crew. go, go, go. sorry. nope. okay. fresh donuts - hot coffee! they deliver real time data and business forecasts when you need it. i think it was fine how it was. (air tool sound) to help you stay ahead of the curve... or you could use workday. the finance, hr and planning system that helps cfos make better decisions faster. on the other hand, we had a great fourth quarter. for a accelerate your decision-making world. workday. for a changing world. >>> all the time let's get back to the consumer electronics show in las vegas where the metaverse is in the spotlight with the first ever section on the floor show dedicated to ar and vr companies. our jr boorstin has been checking it out. let's get some reflections

top pick is palo alto and crowdstrike. still a lot more "tech check" ahead.of blondie's “dreaming”] [music playing] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change. >>> welcome back to "tech check. google's parent company making its first wave of layoffs. alphabet cutting 50% of its health sciences unit joining me is jennifer with the details. this is not the kind of cuts that some investors have been calling for, especially considering how many jobs alphabet added over the pandemic >> exactly, so verily is the health science unit in the company's other bets segment this is not core to the company's business this is more moonshots, experimental projects. >> loss leading. >> yes, lost so much money consistently each quarter and each year, so the context is needed that, you know, these are cuts that are happening. and it's multiple units in the other bets segment but also not very close to the core advertising or search busi

crowdstrike, okay, that's cybersecurity. dollar tree, netflix is on that list, back to 360.l right. >>> coming up, the governor of florida, that would be ron desantis, defended his decision to ban ap's african-american studies course. roll tape. >> they're advocating things like abolishing prisons. now, that's a radical political position. you're free to take that in your own life. i don't think very many people would think that would actually work. stuart: yeah, okay. larry kudlow's going to join us shortly. i think the white house and the administration is in disarray. i want to know if that affects the biden agenda. ♪ ♪ ooh, it's such a lonelied road ♪ ♪ cole hauser is an award winning actor who has starred in good will hunting too fast, too furious and the current hit show yellowstone. beyond his impressive career, he is a proud supporter of the tunnel to towers foundation. i was able to spend some time with cole and his family to reflect on those who have sacrificed so much to defend our freedom. i know how much you care about america and our veterans and all the things

. >>> joining us now is the chief security officer at crowdstrike and former executive assistant directorll me what you think about china's influence over tiktok. there's been talk about china setting up an american cane that would run tiktok to try to protect it. what do you see as the solution here? >> it's great to see you. china's top goal in the 21st century is to be the number one superpower in the world. we know that they have been aggressively and actively collecting intelligence against u.s. citizens and corporations for decades and we have only seen that ramp up in the last tu years. tiktok is a chinese company, whether they have an american affiliate or not, they are controlled by a chinese-based company. china-based companies have legislation in place about data that needs to be shared, about chinese party officials that need to be part of the company. their executive team, so there clearly is access there. and we know there's three concerns about tiktok. one is first the security piece. the university didn't want people using tiktok connecting to the wifi. is there a code on