jon fortt joining us with an in depth interview with a major tech ceo can't wait for what we discusst (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. paola needs a parachute. so, salesforce customer 360 unites your marketing, sales, commerce, service, and it teams around her. so they can deliver a great experience from anywhere. ♪ (whistle) ♪ it's another day. so they can deliver a great 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. >>> oil markets closing. >> hey, kelly, it is in the green because after yesterday's slight halt in the upward trajectory, oil back at it today. once again dropping. the marke

jon fortt sitting down with the ceo of dliuongo.me is tony cooper, and i'm going to tell you about exciting medicare advantage plans that can provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you are covered for hospital stays and doctor office visits but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare deductibles and coinsurance. but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare advantage plan, hospitals stays, doctor office visits and your original medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. in fact, in 2020, humana medicare advantage prescription drug plan members saved an estimated

plus, another working lunch with jon fortt. he'll join us again. got an iden-pth interview with a major ceo. ♪ i'm a reporter for the new york times. if you just hold it like this. yeah. ♪ i love finding out things that other people don't want me to know. mm-hmm. [beep] i just wanted to say... ♪ find yourself in these situations and see who you are. and that's just part of the bargain. ♪ you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire matching your job description. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t b

it's jon fortt this is a very different company from the old wework.rds of the employee head count has been cut enterprise customers are now 50% of memberships 12 plus month commitments are now 50% of the base. but my question is where does wework differentiate in software from here? because, lots of commercial real estate companies are going to have apps, but when it comes to the ways that customers need flexible work environments, mapping, reservations, all the kinds of things that we're seeing with hybrid and remote work, where does wework play >> that's a great question, jon. and of course, you know, i'm known for creating a class of software known as middle ware. middle layers and software bus so really this is the wework bus. it has all of those abilities that you mentioned basically the experience, be a guy in your garage and have a global presence just by pushing a button and you can have access to offices in any of its 700 plus locations around the world. so, the brand, the technology platform, the locations that they have, so vehicle to bring

. ♪ ♪ >>> good tuesday morning welcome to our big hour of "tech check" i'm carl quintanilla with jon fortt julia boorstin today, the internet's third rail jason calacanis joins us with whether facebook is investable here >>> plus, what's the opportunity in tech, wearable airbnb and piper, ideas in the cloud, salesforce, tulio. julia. >> the stock down 16% since the start of the september, and one of the biggest laggards on the 500. and just out calling the stock quote the internet's third rail posing the question is facebook investable the analyst behind, mark, thanks for talking to us today. you have a buy rating on facebook despite the challenges, including challenges targeting regulatory overhang. why give a buy rating on the stock? >> yeah, there's certainly a lot going on with facebook right now. one of those emotional topics, kind of just like religion and politics you know, aside from the rhetoric around the name, there's obviously fundamental questions with the iefa coming in this quarter, regulatory overhang, engagement questions why i continue to like it, despite the noise as we

i'm carl quintanilla with jon fortt and julia boorstin there are three stories in tech, 30 billion gonen snap, stock tumbling 20% then another ecosystem play, google changing its app store model, cutting fees, names like bumble, match and roadblock soaring. third stock at play intel, shares are sinking as sales miss and the company sees a tough road ahead for its turnaround. you will not want to miss pat gelsinger in a first on cnbc interview just a few moments from now we can't wait for it, jon. >> we are looking forward to it. s&p is just about flat we did hit an all-time high this morning, though. september's poor performance firmly in the rearview mirror. all three indices are set for their first three weeks in the green since july nasdaq just fractionally lower, about a little less than half a percent. tech has been under performing ahead of next week's earnings from apple, microsoft, amazon, alphabet, facebook and twitter julia, who is not reporting next week >> well, that's the question is who is not reporting next week, but we heard from snap chat and that's where we start right

i'm carl quintanilla with jon fortt and diedra bow is a who is back after the birth of her baby romandee, great to have you welcome back >> happy to be back. >> downgrade for disney. barclays turns bearish on long-term streaming outlook and netflix gets a boost the other way. >>> two hours away from apple unleashed. new macbook pro perhaps. all that means for apple's long-term investment. >>> exchange for crypto goes public as bitcoin hits 62k dee, welcome back. >> bitcoin has gown places while i've been gone our feed is going to start with streaming. and the streets you call it anxiety on disney. ar clas downgrades thestock today over long-term streaming concerns down nearly 3% slow in growth disney plus the chief catalyst saying it may be tough to keep pace with netflix, which by the way gets its own boost this morning ubs reiterating the buy. bumping the price target up to 720. julia is here to break that down as well. and julia, ubs really points to popular series, new hits as driving that sub growth and you know, netflix still basking the success of squid game and over the weeken

i'm carl quintanilla with jon fortt and diedra bosa. today apple is getting chippy. up pressure on competitors. what it means for the rest of the pc ecosystem >>> bitcoin future's etf debuts. what is the future >> this is not a game. a new report outlines how payment for order flow entices brokers to promote risky retail trading behavior, jon. >> yeah. let's take a bite out of apple just to start announcing new mac book pro designs with their mac chips yesterday's unleashed event. the raw performance and ambition in these chip designs have the industry reeling a bit this morning. 32 core gpu in the mac, 57 billion tran sisters puts pressure on the rest of the ecosystem. perhaps creating some opportunity for them, too. while the new m 1 pro and mac chips are in higher endyma sheens we can expect to see this trickle into more mainstream computer sales in 2022 and 2023, if history is any guide. and, also the next generation of air pods making headlines at $179, that's kind of in between the higher end with noise cancellation now there's a lower end. more pricing tiers s

we told you all about its features then cnbc's jon fortt went out to san francisco and got a firsthandave limp, the amazon executive in charge of robot astro >> astro, go to the kitchen. when you set up the device it maps through the house and then you can do a home tour and you get to name all the rooms. astro. raise the camera so we built this pretty cool cam so if you're away and you want to look to see if the stove is on or if you left an iron on and those kinds of things. astro, follow me you'll see it moves pretty fast too. up to a meter a second it understands what's around it. it's also real-time looking for changes too. if i throw something down in front of it it's going to know not to path plan through the pillow but go around it. it has the kinds of functionality you would expect with alexa too so i can say astro play "castle on the hill" by ed sheeran. >> castle on the hill by ed sheeran on amazon music. ♪ >> you can see now there's eyes on the display that is the default kind of home screen for the device. we learned about halfway through the project that customers just se

i'm carl quintanilla with jon fortt and deirdre bosa stocks broadly higher today.ot record highs on the dow and s&p. just a few points now from 4,600. thanks to some strength from apple and amazon today nvidia at the top of the nasdaq. more on that in a moment first a news update with rahel solomon. >> good morning. here is what's happening at this hour consumer confidence rising unexpectedly this month. that's despite rising inflation or consumers are planning to buy homes, cars and major appliances >>> also, the conference board says that nearly half of americans plan to take a vacation in the next six months that's the highest proportion since the pandemic began >>> speaking of new homes, sales surging 14% last month, the fastest pace in six months the sales growth coming despite rising prices. the median price of a new home rose 9.5% over the last year to nearly $409,000. >>> u.p.s. shares soaring. hire shipping rates, the company also raising guidance for full-year operating margins. >>> and shares of lockheed martin now down 11% also trading near they lowest

does this sound like a jon fortt intro? otoh, on the other hand. right, jon >> snapchat down 20% after earnings afterthe ceo told us earlier in the year he didn't expect much impact facebook hit, too. anti-targeting moves continuing to cause headwinds apple says it's not a monopoly and minor unit share in smartphones but this is a glimpse of the company's actual po power. it's a problem its own advertising business is benefiting from changes. right. according to data from payments company branch, apple's ad share could be up 3x over the last six months because ad makers are relying on apple search ads to drive installs i guess we can debate whether tracking online had gone too far, but apple changing rules and immediately collecting a windfall is a hard-core move probably too much power for one company to wield, joe. >> we talked about this a lot, jon. it was snap, but it didn't happen with some of the other -- google, twitter. not nearly as much effect. why not? >> well -- >> joe, on the other hand, google is pretty big in

i'm carl quintanilla with jon fortt and julia boorstin the nasdaq is on pace for the best day since augustst day for the s&p since july then shopify teams up with microsoft and oracle to take on amazon and linkedin shuts down in china then later on, lebron james' business partner mav carter. a lot to get to with mav, jon. >> yeah. we'll start with the chip crunch and supply chain pain. it's not painful for everybody leading to strong results for taiwan semiconductor posting 14% increase in q3 profits and upping sales forecast, expecting growth of 24% this year. warning they do expect capacity to remain very tight through next year. the chips the company manufactures used in all things, iphone 13 and smart phones this week reports surfaced that apple may have cut iphone production but some component suppliers refuting those claims saying they need no cut backs in orders demand remains robust but apple is likely to sound more cautious giving the supply constraint they remain a buy rating with 20% upside to the stock, guys. and this, julia, is exactly what we were talking about couple days ag

techcheck" starts now ♪ >>> good thursday morning, welcome to "techcheck" i'm carl quintanilla with jon forttnd deirdre bosa today a mixed picture for growth stocks megacaps are holding up the market as the nasdaq gets a new record high. are we seeing a valuation reset in tech? >>> we're going to dive into the chip sector. exclusive with intel's on the ambitious turn around plan and global foundries making much anticipated public debut ceo is going to join us in just a few minutes, dee. >> as you just said, carl, we're going to start with the megacaps holding up the rest of tech. mike santoli has a look at that rally. mike, what are you seeing today? >> yeah. dee today a little more inclusive than it has been the average stock has a lot of catchup to do to the very largest once today, apple, amazon, nvidia, tesla are responsible for vast majority of the gains in the nasdaq 100 this shows you the ndx concentrated in the top five names, 40% of the market weight is in five stocks. the equal version, equal weighted version of the same 100 stock index that has lagged badly as you can see here, rol

one thing is for sure, julia boorstin, jon fortt, julia you first, there are very few willing to publicly defend facebook today. >> no, this was a pretty much a full court press here, attacks on facebook and making it very clear that mark zuckerberg is where the buck stops, this idea that mark zuckerberg is responsible for what is going on at this company. frances haugen making it very clear that also that mark zuckerberg had the choice to be able to minimize the divisiveness that facebook can cause and that he chose to prioritize the metrics and the data that would be more profitable and cause more engagement and i think it's really interesting here that, you know a number of people on the committee are calling for mark zuckerberg to come forward, to be able to talk to him directly about this, and also the sense that there is definitely a need for more legislation, privacy legislation, more clear legislation around children, you know, copa has been around for well over 20 years now the privacy legislation for children, but the idea that maybe that needs to be expanded and it does feel li

i'm jon fortt talking to julia boorstin and carl quintanilla.f of the stocks are 20% off their high it is now the time to reset in tech >>> then leading the charge lower amid this tech selloff with another social media name caught up in the downturn, a breakdown of the whistleblower's 60 minute secrets next. >>> later, tesla goes the other way. why strong deliveries and a tweet from cathy would have having an impact on that stock up 2%. >>> that tech selloff is where we'll begin this morning facebook, social media names and most of broader tech are down big this morning nasdaq dropping more than 2% today. mike santoli has a lot more on the selloff. mike >> i think it's best viewed as part of this on going kind of painful reset in the market. just the weight of the large cap growth stocks continues to be the main story recently as we have this messy rotation transition when we go down in price in the s&p, you also go back in time. one element of that reset, we're trading at levels in the s&p we first reached in late june so you got three months w

million venture capital fund is making a push to court south asian women as investors and founders jon fortt00 members. the mission goes beyond the fund and was oversubscribed at 10 million. the more than 200 limited partners are professionals 90% from south asian women and invest in tech companies with somebody from an underrepresented group in the founding or expect i team. i talked to the investors and the founder and managing director said the mission is creating women for south asian women to empower each other. >> this is the paradigm i have been used to the men gather in the living room talk shop and latest startups with interesting thing just who's moving where the women equally accomplished for the most part are in the kitchen and family room tacking care of the kids, getting the food ready and so on we rarely talk about professional interests and how we can be an apply for each other and i always wanted to be in that living room. >> now creating that living room space and says portfolio companies will have to have at least one female in a decision making role, guys. >> it's really

i'm carl quintanilla with jon fortt and julia boorstin there are three stories in tech, 30 billion gonele, match and roadblock soaring. third stock at play intel, shares are sinking as sales miss and the company sees a tough road ahead for its turnaround. you will not want to miss pat gelsinger in a first on cnbc interv

now ♪ >>> good tuesday morning welcome to "techcheck" i'm deirdre bosa with carl quintanilla and jon forttebook's new north star after mixed results will shift toward young adults be the right direction? we'll discuss. >> tesla heads to the moon

i'm carl quintanilla with jon fortt and diedra bosa. today apple is getting chippy.ecosystem >>> bitcoin future's etf debuts. what is the future >> this is not a game. a new report outlines how payment for order flow entices brokers to promote risky retail

i'm jon fortt talking to julia boorstin and carl quintanilla. time to reset in tech >>> then leading the

. ♪ ♪ >>> good tuesday morning welcome to our big hour of "tech check" i'm carl quintanilla with jon forttt's third rail jason calacanis joins us with whether facebook is investable here >>> plus, what's the opportunity in tech, wearabl

techcheck" starts now ♪ >>> good thursday morning, welcome to "techcheck" i'm carl quintanilla with jon forttmarket as the nasdaq gets a new record high. are we seeing a valuation reset in tech? >>> we're going to dive into the chip s

i'm carl quintanilla with jon fortt and diedra bow is a who is back after the birth of her baby roman

"techcheck" starts now ♪ ♪ >>> thursday, welcome to "techcheck" i'm jon fortt with dea deirdra bos andrter? >>> and later, wework fina

i'm carl quintanilla with jon fortt and julia boorstin the nasdaq is on pace for the best day since augustr