s&p is managing to hang on we're going to talk market in a little bit, john, with roger mcnamee.sting things of the morning, the market cap that apple added this month, just added, is more than it was in totality when steve jobs died in october 2011 >> yeah, and the company was doing okay at the time the ipod -- the iphone was already a thing then i mean, we were talking for a long time about how apple and microsoft, to some extent, amazon were running neck and neck, kind of this $1.5 trillion market tap markup. at this point, apple has opened up air distance of about $500 million between itself, amazon and microsoft. you have to wonder as an investor what that means >> with at in nd"sawthmi, quk alley" will be right back. >>> software company snowflake announcing plans to go public in a way, taking on amazon and microsoft and google in the cloud database business. the company's revenue more than doubled in the first half of the year to more than $240 million i spoke with ceo frank slootman earlier this year to see how his company is adapting in this pandemic >> we're a cloud com

. >> i thought roger mcnamee had something profound last hour when tim cook has innovated into a news business model. that's the genius of where tim cook has not taken the company he understands what consumers wants and delivered it. >> exactly. >> i don't understand -- >> can i tell you why? cash on the balance sheet earning zero, hundreds of billions does nothing for shareholders, number one number two, he didn't innovate the business model that was before tim cook number three, cash on the balance sheet. what can you do with that cash could he put that cash to work to generate more than zero i think that he can. so let's not confuse the market with a great ceo from an operations standpoint. if you go back to prior christmases, you'll see how many times this guy came up through the chain supply has misjudged demand, how they didn't have the components to take full advantage of christmas so, look, i own the stock, it's a great stock, having a brand name that he's behind. i would say he's really screwed it it up, but he hasn't because he's navigated political waters in troubled time >

mcnamee's go to roger whose ability to play a grunge qatar is widely understood. is scathing in his criticism -- i don't want to just pick on the big companies. what is the catalyst to move to an industrial maturity? hussein: it will be fits and starts and it will be a conversation. you need to embed the maturity into the conversation. i don't know what stanford is teaching these days in programs like computer science, but i imagine the ethical ofponsibilities computing and business are part of the curriculum. these organizations never knew they would be so significant so fast. it's not like facebook 15 years ago and they would be able to shift world politics because of their platform. it still has growing up to do in terms of figuring that out. of a dialogueh happening within the industry that i think the industry will figure it out. industrialke the giants like rockefeller and carnegie figured this out during the golden age of industrialization. they figured it out towards the tail end. i have a little bit of hope. i think things happen fast and the tech industr