the latter doesn't bother ceo dara khosrowshahi.ier about where he sees profitability and where he expects growth area dara: -- growth. dara: what makes us confident about delivery is that we have new markets including australia, where the virus isn't as prevalent as it is here, and we are seeing the mobility business in australia open up. mobility has been up only 20% to 30% in australia, and even though cities are opening, people are starting to move around, our delivery business continues to accelerate. so it does feel like this pandemic has certainly caused the perfect storm where people are home, but it has also shifted behavior in some kind of permanent way. once you are able to essentially go out and choose any kind of food you want, we now have over 600,000 restaurants delivered within 30 minutes, those kind of habits tend to stick. so far, we are seeing the delivery habit not only stick, but grow at very, very high rates. emily: so when it comes to rides, i spoke to lyft president john zimmer, he says they can't give a fore

tomorrow we will have a conversation with uber ceo dara khosrowshahi. i'm emily chang.s is bloomberg. ♪ emily: a year ago the coronavirus pandemic crept into the united states after taking a devastating toll across the globe. the early u.s. outbreak was centered in washington state, just miles away from microsoft's headquarters. there, ceo satya nadella made the call that a significant number of the company's employees could work from home. now his focus is shifting not just keeping employees safe, but keeping them engaged, with the rise of microsoft's cap product-- chat product teams. microsoft's stock has continued to rise during his seven years at the helm after languishing more than a decade under his predecessor. he showed this key guidance with us three years ago. satya: it is not changing everything, it is changing what needs to be changed. emily: since then, microsoft market cap closed $1 trillion, closing in on $2 trillion. but with big tech scrutiny in washington and rising competition in china, n adella's next avenues will be just as fickle. 20 meters microso

maybe they're happy they diversified into not a pure play, some of those other things dara khosrowshahiview. and pot stocks are ripping higher as reddit traders turn their attention from gamestop to cannabis actually might make sense. it's thursday, february 11, 2021, and "squawk box" begins right now. ♪ your love lifting me higher than i've ever been lifted before ♪ ♪ so keep it up which my desire ♪ >> good morning, everybody, welcome to "squawk box" on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin, and yesterday, the dow set another record this morning, it's looking higher once again. let's check things out you're going to see the dow futures and the other indices indicated up right now, dow futures up by about 63 points. the s&p was down yesterday but only by 1 point, so you can basically call it flat it's indicated up this morning by about 11 points and then the nasdaq which was off by about a 1/4% is indicated up 060 point this morning comments from jay powell

we will have dara khosrowshahi first right here on cnbc a conversation you don't want to miss meantime pricing its ipo at $43 per share, above the target range the black stone backed company raised $2.2 billion in its ipo offering and shares set to begin trading today on the nasdaq under the symbol bmvl, and bumble ceo is going to join the gang on squooek at -- "squawk alley. >> you can't go out to meet anyone then when you meet someone. >> right >> what do you do, just hang out online or something or i'd probably be pretty good online i'd send ab pictures that i got out of men's health. >> use your avatar instead. >> no, so how does it work i mean, can you imagine the day where you are date ready with like something that shows you had a vaccine or antibodies or something. we have to get there or these are young people who aren't really scared. >> yes i think that's where it's at, joe. >> yes >> really? >> young people who are less concerned, and maybe rightly so. >> and oh, the producer of the six just said that we can pull the producer of the seven to find out exactly how it works. i

. >> dara khosrowshahi of uber on "squawk" earlier this morning. >> and uber, a little mixed, and morgana top pick target of 70. >> it's hard to resist because you've got that dynamic where the market, the economy stays closed and debate and delivery, and economy stays open, keep delivery, and then they will do delivery, and an excellent conference call and they talk about owning the next hour, and maybe the next hour is pharmacy and obviously they like the drizzly acquisition very much, and the one thing that is missing here, they're not making a lot of money. >> no, they're not in fact, they're losing a lot. they are >> i fear you would bring that up >> i know. >> but we keep talking about the ride businesses, though, it's an after-thought, and bookings were down 47% year over year versus 50% in the third quarter so i guess sequentially it's improved a bit. we all know why. and it is, is this a reopening trade or not >> well, yeah, i think it is, but this is, it's very glaring to me that delivery is the emphasis, but you don't have autonomous driving, if due get that down, i think you