dan, it's great that you came on to to give our viewers the inside scoop from professor dan ives givingme as, and i said ds and not fs because you just never know. dan, thank you. >> thank you. liz: dan ives of wedbush. >>> all right, as the supreme court has overturned roar vs. wade concern roe v. wade, jpmorgan is bringing the abortion debate to wall street, and a bunch of tech companies and others are weighing in as well right now. charlie gasparino's been talking to some of the big players. he has their stance next. with the closing bell ringing in 14 minutes, we are now at new session highs. look at the dow climbing up 761 points. the s&p, that is a new high as well for this session, up 103. you adopt want to miss un-- you don't want to miss one. ♪ ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. fishing helps ease my mind. it's kinda like having liberty mutual. they

dan ives still with me. lost my shirt investing in an airline many years ago, called people express. i know you don't cover the airlines but would you ever invest in one? >> look i think right now, if you look at the travel stocks, that's really been in vogue trade especially in terms of coming out, you know, more going to the offices, more traveling. look, i continue to think in terms of sort of reopening trade i'd rather open an uber or lyft rather than the airlines, just given my view of risk reward where the stocks are, as well as just when i look into the next call it six-to-nine months i think there's a really recovery in tech. stuart: preferably, you prefer tech to any kind of airline bounce. so would i. >> because also it just comes down to the new york city cab driver has been owning travel stocks in terms of going into the summer. it comes down to that has really been i think a crowded trade whereas i would rather be looking at names in terms of what other ways that you could play reopening like an

emily: dan ives, wedbush securities, always good to have you. thank you.uch more coming up from apple park here in cupertino. we will be right back. this is bloomberg. ♪ emily: here we are hands-on with the new macbook air, powered by that new m2 chip. more powerful, faster, and this is a chip that will power the next generation of apple devices. ♪ emily: another story we continue to watch, chinese regulators are preparing to wrap up their investigation of dd and restore its main apps to global stores are the report saying the ride-hailing giant will face relatively large fines. coming up, we will have much more from apple park and wwdc. i will be joined by a developer herself, next. this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts... saving you up to $500 a year. and

emily: dan ives, wedbush securities, always good to have you. thank you.uch more coming up from apple park here in cupertino. we will be right back. this is bloomberg. here we are hands-on with the new macbook air, powered by that new m2 chip. it's thinner, lighter. more powerful, faster, and this is a chip that will power the next generation of apple devices. ♪ emily: another story we continue to watch, according to wall street journal, chinese regulators are preparing to wrap up their investigation of didi and restore its main apps to global stores are the report saying the ride-hailing giant will face relatively large fines. coming up, we will have much more from apple park and wwdc. i will be joined by a developer herself, next. this is bloomberg. ♪ emily: welcome back to "bloomberg technology." i'm emily chang in cupertino, california live from apple's worldwide developers conference. the key word being oliver -- developer. hundreds of developers here this week to learn more about apple's key updates and of course millions taking part in this event ar

we will keep close track we hope you are, too >>> when we come back, dan ives has a new note on apple. he will be here to talk about that and share thoughts about the super bad feeling on the economy according to elon musk apple shares down $1 today is jobs friday you have forecasters expecting the economy adding 328,000 jobs in may compared to the 428,000 it added in april you are watching "squawk box" and this is cnbc >> announcer: this cnbc program is sponsored by ib m. ibm. let's create and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life

dan ives made the point that usu usually an executive would give notice she ripped the band-aid off. he has been following the tech sector for decades and said this would not come at a worse time for meta in the brink of transitioning to invest billions in the metaverse. the rebrand and facebook now calling itself meta. this comes at the time that zuckerberg doesn't have the co- pilot in sandberg. she hasn't given a huge amount of lead time to meta, but the market is notable. in terms of her role, rosanna, geoff made a comment during "squawk box. she has been a pioneer in the area of advancing women in the workplace and helping propel toward success with her book "lean in." at the same time she was on oversees facebook and instagram. how it breeds insecurity for women. it will be fascinating to see how she approaches women's issues in the next part of her journey in the philanthropy work >> presiding over huge rise with the company and at the same time, facebook has been condemned for allowinghate speech to proliferate through the platform whether it is a platform or a publisher publ

i think dan ives called it the elephant in the room. it has been radio silence on this story for a number of weeks. tom: maybe mr. musk will go back to 1976 and go look at heart scott regina for the playbook. let's do our own twitter moment with the data check date i will go to year-young, which shows weak yen, part of global tension of a potentially boom china. jonathan: i am looking at a boom yield. up about a basis point. 10-year in america up 30 basis points in germany on a week or year. this line from city. here is the quote. the labor market will likely need to loosen, probably -- possibly through a recession. that is the view from citi. tom: and that is the cold porridge that deutsche bank talked about out there somewhere. before we go to import economics before the jobs report, nadia lovell on the physics, the math of this stock market. ubs global wealth management. there is american airlines booming. how do you treat, sector to sector -- how do you treat sector to sector analysis given the uncertainties of the american recovery

we'll also speak to dan ives to see what microsoft's guide down means to your money. tape the sudden dare i say it resiliency which not only brurkd aside comments from jay powell's

. >> yep and dan ives i have some agreement with steve on some negativity as well, scott. at some point when you look at the growth that they had, especially through the last couple years, through the pandemic and everything else, can they keep that pace. is there some sort of normalized level they might go to and fx being an issue as well, we are talking a company 50% in the u.s. and 50% international, so they have major exposure that combination of that and the fact that maybe there's a bit of a slowing. i'm not saying slowing down too much or not saying hit the brakes, these guys are in trouble, i'm saying does it normalize back look back five years ago to see where they were from growth perspective, where they were the last couple of quarters. it is very significant do we get back to some normalized growth and we might if that's the case, then it is not as cheap it is one of the reasons why i am not diving in today i didn't dive in when it was down more than it is now and i'm still looking at it, trying to figure out do they have the possibility of being able to grow a

dan ives from wedbush called it a debacle that speaks to darker growth days ahead.f a said macro issues only add to execution issues. evercore saying a high turnover in the sales team is also an issue that will lead to more problems with willing. so a lot of issues with docusign and a lot of questions about the growth of what is supposed to be a growth stock. >> going back to levels that were basically where they were at the beginning of the pandemic frank, thank you down 80% from the highs of docusign it's not just a multiple correction on this one, it's is the growth story over. fundamental rethink of whether they can go. >> we're looking at low double digits sales and earnings growth for the next fessiscal year one of my rules for any software tool or application is the upside case can ultimately become something boring and invisible and it's just a utility and it's just there and grows gdp plus something that's where we are. that's fine. docusign is still 35 times their earnings estimates that are out there for low double digit grower so that's why it's tough to

web bush, dan ives, to increase its deliveries of 50%. the overall market is down. is the story here. >> quarterly sales, earnings plunged, fewer people, covid 19 shots, and $680 million. stuart: that will hurt. stuart: how about disney, they are back to $94 a share. stuart: that is lauren: that is the price before they launched disney plus and that was november of 2019. morgan stanley lowered price target to one hundred $20,000, worried about weak demand, consumer pooling back and that will hurt disney plus. something to get excited about. a new disney cruise, they launched their first new ship in a decade. that is the star wars bar where you can order a cocktail for $5,000, that is the frozen room. this is going to be a hit. made the. it might be a way to do disney without really doing disney. stuart: it is not the stock. last year disney was $200 a share, $94 a share. images suffered, what they are doing in florida, 93, 98 for disney. check the big board. we are down big time, $3.36, better than one person. 10 year treasury hit 1%, no, it is close, 3. 0 one%. one

now wedbush, dan ives, actually put out a note saying sales are doing better-than-expected, despite the covid factory disruptions that we saw to start off this year, so he thinks we'll have a better quarter and a better rest end of year than the markets are anticipating. stuart: eddie ghabour i was talking to him a second ago, he thinks if apple disappoints with their earnings all hell breaks loose. 10 seconds on that. >> that's the biggest date of this july. they are so widely-owned if they disappoint because they don't give guidance you'll see selling across-the-board. >> i want to know also i've been watching apple for so many years they give very conservative guidance and if they do plan to miss or they unexpectedly will miss, they will pre-announce and that hasn't happened yet. so i don't think they are going to miss to be honest. stuart: let's go to the anxiety- ridden crypto world. what's the latest on that? >> so this morning we have liquidation already being enforced by three arrows, you'll mention that. stuart: i was just going to get to that, yes you jumped on me. what's the

dan ives on the show on tuesday.id this deal goes through, didn't he say the range was between 41 and $45? so twitter is not selling in his view at 54. how much lower will it sell for if at all? stuart: you've got 20 seconds to explain why you're shaking your head? >> it's true, it's not selling at 54 and that's what all this is about is he's in a very iron clad deal. he with just try to muscle to get a better price because 54 was a different universe. lauren: what price? >> i think something in the low 40s is much more realistic and the market is sort of telling you that. these merger arbitrage guys are smart and when they price it this low the stock is not at 39 if that company is selling at $ 54 it will not happen. stuart: quick look at the bottom right hand corner of the screen the dow is now up 344 points a very solid gain right from the get-go. fedex is up this morning, look at that. lauren: whoa. stuart: it was a pretty solid report. what was the outlook? lauren: they raised their outlook but not because they

dan ives says this twitter bid is 100 to $150 overhang on tesla stock, and i would imagine that a lots would prefer if elon musk just walked away from this deal. focus on the problems at tesla instead and there are a lot of problems right now. i talked to you about being under water on that bitcoin, that $2 billion stash, now it's worth $500 million less. there are concerns that we could be looking at the first loss in tesla's, on tesla' balance sheet in two years. add that to the shanghai closure s the bitcoin losses, and i think elon musk has other things to contend with besides buying twitter. also, tesla shares have under performed the losses on the s&p. so since elon musk made that twitter bid, his stock, tesla, is down over one-third, whereas the s&p is only down by 17%. stuart: no financial report is complete without a mention and a headline from elon musk. >> well, i mean, he drives so much sentiment and he does have a trillion dollar electric car company. stuart: true too. >> which is one of the largest in the world. stuart: all right, meantime, what have we got? >> let's tal

let's get some reaction from daniel ives, managing director of equity research at wedbush securities in new york. danll he may have raised more questions than he answered? i more questions than he answered?— more questions than he answered? ~ , ., , answered? i think this was the wron: answered? i think this was the wrong call _ answered? i think this was the wrong call at _ answered? i think this was the wrong call at the _ answered? i think this was the wrong call at the wrong - answered? i think this was the wrong call at the wrong time l wrong call at the wrong time because ultimately there was a lack of answers and it was a change in tone from musk because employees wanted to hear some comfort but he raised more questions, layoffs clearly on the horizon so that is why it is another head fracture for musk to do this call at this time. —— head scratcher. musk to do this call at this time. -- head scratcher. they have been _ time. -- head scratcher. they have been left _ time. -- head scratcher. they have been left in _ time. -- head scratcher. they have been left in the - time. -- head scratcher.

dan heninger. congress nngotssikely to giv,iv that i"my " next...elivtyni wow, we're crunching tons of polygons here time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq we hit the bike trails every weekend yeah... oh. don't worry i got it! shinges doesn't care. i grow all my own vegetables shingles doesn't care. we've still got the best moves you've ever seen good for you, but shingles doesn't care. because 1 in 3 people will get shingles, you need protection. but, no matter how healthy you feel, your immune system declines as you age increasing your risk for getting shingles. so, what can protect you? shingrix protects. you can protect yourself from shingles with a vaccine proven to be over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after getting shingrix. fainting can also happen. the most common side effects are pain,