we had franklin templeton all participate in the pipe.n i think about life to go public this way, in this case, we have these great long-term institutional investors investing in the company and providing an exit for the venture capitalists who are already investors. romaine: is a long list of names attached to this. legitimate names, well-respected names. i am curious about how some of those names or other folks in your industry either advise you or just talk to you about this process. did you sort of reach out to anyone or did anyone reach out to you and give you the lowdown on what would be the best avenue for skillz? andrew: absolutely. se have quite a number of spac approach us since the beginning of the year. because of theac incredible history they have had in running spacs successfully, most recently with draftkings. lead, he's anhe exceptional media and technology executive not jeff with draft kings but the former ceo of mgm. and also a long-term investor. he knows a lot about our that is a major facet of this, partnering with so

franklin templeton. this is bloomberg -- frank and templeton ceo.klin templeton ceo and president jenny johnson is the fourth person in her family to lead the firm heard grandfather -- the firm her grandfather founded. spokeerg's scarlet fu exclusively to johnson and found out how she is trying to work from home and what the goal is. >> as a mother of five and the daughter of a mom who has seven , i think that moms have to find out how to blend work and home life really well, which means we need a little bit more flexibility. worklife, youhole can take care of what you need to take care of, so in many ways it will play to the strength of women. i also think that men have been a little bit disadvantaged. i know a lot of men that would tsve to coach their kids' spor teams, and yet they thought it wasn't ok in the office, so this will allow more of this integration between home and work. >> do you think finance and under it -- and other industries see this the same way you do? >> it is interesting, whether .his new work is permanent you've got a top pe

franklin templeton, t.g the investors in this round the latest funding values the company at a reported $1.7 billion a slight increase from the 2018 reported valuation of $1.4 billion joining us now is all birds co-founder and co-ceo. good to see you again. thank you for joining us. >> thank you for having me so 100 million just raised. will congratulations what is this mainly earmarked for? more new products or what? >> yeah. a couple things. we've had some recent success with some of the innovations we come up with both shoes and apparel that excitement from these they have consumers so excited about the new products so that's a big one. and ours are costly. they take time we use natural materials instead of synthetics. of that's all -- just elongates the process for us to make something perfect. they shut down for a number of months globally. we're back and ready to expand the fleet and very executed about what we're seeing in a bunch of geographies on that so excited to have the dry pouder pou powder to

jonathan curtis, franklin templeton, their portfolio manager. coming up we talk to chief market strat gijs james asking him about what's happening in jakarta. they are bringing back social distance regular strixes. up next the pandemic reaching a new milestone, global deaths top 900,000. donald trump says he deliberately down played the virus to save a panic. this is bloomberg. ♪ ♪ >> fact is, i'm a cheerleader for this country. i love our country. i don't want people to be frightened. i don't want to create panic, as you say. and certainly i'm not going to drive this country or the world into a frenzy. we want to show confidence. we want to show strength. we want to show strength as a nation. and that's what i've done. we've done very well. >> the president of the united states admitted on tape in february he knew about covid-19, that it passed through the air. he knew how deadly it was. it was much more deadly than the flu. he knew and purposely played it down. worse, he lied to the american people. he knowingly and willingly lied about the th

that's what was learned from a survey put together by gallop and franklin templeton.re not investing the extra cash they have on hand instead of investing, they're choosing to hang on to it until the world returns back to normal, or something like normal. >>> walmart says it will soon be making deliveries by drone. it's teamed up with a company called zip line and plans to deliver packages near its arkansas headquarters by drone. first, the only products being delivered by drone will be health and wellness items, but plans to expand the service are in the works. this is kind of a space race between walmart and amazon. both of them say they're going to have drones delivering, i'm waiting, i'm not seeing it happen here in the bay area yet, but we'll see. >> we'll see when that happens. thanks, michael. >>> you can't see the dronehero christian.st you can't. i know, it's only slowly going to improve, so we have brighter skies over the next couple of days, but i doubt we'll see blue skies. here's a look at the current winds. i want to show you this because it's important

institutional investors by running 159 million, and we're able to partner with wilmington, fidelity, franklin templetonly an ideal transaction for us. liz: andrew, please come back on on ipo day. we would love to have you back to see how the first e-gaming mobile site goes public, and we would appreciate that. that would be great for how viewers. thank you so much. >> appreciate that. thanks for the time. liz: well, you figure, god, i wouldn't want to do it on a day like this where the dow is down 476, the nasdaq down about 300, but that's exactly what goodrx is doing, talking the plunge today. now -- taking the plunge today. now, with about 26 minutes left before the closing bell rings, goodrx is looking like the picture of health in its debut. up next, the reigning prescription drug coupon king's co-ceo on how he's accomplished what even presidents have not yet done when it comes to drug pricing. the nasdaq down 297. the russell down 2.5%. we're coming right back, don't go away. ♪ we've often wondered what keeps the world running. economics? algorithms? magic? turns out, it's you. doing your thing. d

select the best financial partners through the pipe that we set up with wellington, fidelity, franklin templetoning and getting that money in because it's not like you're paying for the privilege harry sloan, the spac sponsors take, what, up to 20% of your company. that's not nothing >> no, that's quite right. a traditional ipo is 10 to 15% of a company any way and so, when you think about kind of the different parameters of how you want to set up your company post-public, being able to pick meaningful investors like the ones i named, being able to partner with wellington, fidelity right out of the gates is a really exciting thing for us and it's something that is unique with a spac. >> tell me about the company a bit. it's being portrayed as a platform with patented technology across a number of verticals. what are your barriers to entry from others that distinguishes you from other companies out there or other companies that might want to move into your area of expertise? >> yeah. first to explain what skills is building the competition layer for the internet b 2 b to c for game developers to

row fidelity, franklin templeton and delta behind us to look at the public markets we want to be the the people in businesses that can use private aviation to get from a to b we're in great position to do o so feeding america, you can rely on us forever i feel very sure, ed bastian, who is our leader, you learn about a leader when things aren't going well. >> hopefully a lot more will step up. we have a lot of influencers watching claire, i want to thank you. good luck. thanks for everything you're doing. kenny, thanks for what you did as well. we'll have you back again soon maybe you'll be at 100 million meals by then, kenny >> andrew? >> good cause that you're working on we have a huge hour ahead here on "squawk box." we'll hear from treasury secretary steven mnuchin and mike novogratz and pete buttigieg. it looks like we're going to open up in the green tough week last week nasdaq up 117 points s&p 500 looking to open 31 points higher. we're back after this. the only thing that makes t-mobile's new offer on iphone better is the people you share it with. so right now switch and get