amazon, microsoft, google and even oracle to bid the $10 billion just icon, to microsoft under the trump administration is amazon sued, politically motivated with trump upset at washington post coverage with jeff bezos, the pentagon canceling the deal, starting all over again and this time the entire contract could go to more than one cloud provider, not just microsoft or amazon but all four in different parcels. stuart: the bottom line is amazon is not at the record high, microsoft is. and apple is. good stuff indeed for big tech. the first country, austria, first country in europe to make vaccines mandatory for all residents over the age of 12, got to get the jab in austria. austria begins its fourth lockdown next weekend germany's health minister says they won't rule out lockdown the the. rick grenell is former us ambassador to germany and joined me now. these chronic lockdowns over there, forcing people to get vaccinated, i don't think you can do that in the united states. what's the difference from here to there? >> there is a difference between austria and germany. i don't think it

stuart: i just find microsoft a fascinating company. they seem to be firing on all cylinders and not doing anything really wrong that i can think of >> and gaming. stuart: with a good public image >> gaming is by the way a huge business and people forget that gaming is a bigger business than all of hollywood combined. stuart: it is. >> isn't that incredible? stuart: it took me a long time to realize that but it's absolutely true. >> titles are worth more than box office hits, yeah. stuart: next one, you know this story. you gotta explain it to me. gaming platform, just restored after three-day outage. susan, what's this about chipotle being to blame? >> yeah, so reports say that the outage for the kid's video game maker goes back to halloween promotion event in partnership with chipotle that apparently crashed the site for three days. that's a big deal when you have close to 50 million daily active users, and oh, by the way, more than 60% of the users are under the age of 16 so they want their game and it's bad timing since it's hallowe

is microsoft still a leader. we will ask robbie because he is here after this. ♪ what's strong with me? i know when i'm ready for a rest day. ...so i can be ready for anything... tomorrow. find out what's strong with you with fitbit sense and daily readiness. your record label is taking off. but so is your sound engineer. 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 switching wireless carriers is easy with xfinity. just lean on our helpful switch squad to help you save matching your job description. with xfinity mobile. they can help break up with your current carrier for you and transfer your info to your new phone. giving you a fast and easy experience that can save you hundreds a year on your wireless bill. visit your nearest xfinity store and see how the switch squad can help you switch and save. it's the xfinity black friday sales event. learn how to save up to $1000 on select phones by visitn

microsoft down $5, down 40, amazon is down 35. here's the reason why tech is down, the yield on the 10 year treasury moving up, 167 earlier, 164 now. big tech is down. another win for republican state. samsung chooses texas for its gigantic $17 billion semi conductor plant. a formal announcement comes this afternoon. reportedly they will billion taylor, small town 30 miles from austin. texas is on its way to becoming a major high-tech center. intel, hiring 1700 for its design campus in austin. elon musk moving to the's record is there. why texas? it is a pro-business state. executives and high-tech workers flooding in phase low taxes. minimum of regulation and the governor committed to prosperity. businesses not exactly flooding into california. business is going the other way. escaping a failing education system, draconian environmental rules, skyhigh taxes and the governor who never met a mandate he didn't like. new jersey or illinois, business takes a backseat. capitalism and exploitation. big state governors stamp their feet a

they would be a microsoft ecosystem for a long time. microsoft will be battling it out with google, and apple and years to come. lauren: speaking of capital gains taxes, taxing wealth, that is very much on the table for build back better? the bill passed the house, go through the senate can it still provide wealth in the country? is that something we see on the horizon? >> the current administration wants to attack the wealthy and the successful. it is never worked in the past, previous administration, the successful people as we are seeing from a lot of people. it is going to pass, we will keep a favorable tax rate, we have wealthy people figuring out the best way to find the tax haven. i would not be concerned about that. lauren: don't move there permanently because we will miss you. the office plans, most workers at goldman sachs and morgan stanley, are back on a rotational basis. they have been back in the market since september. wells fargo bringing them back in the new year. goldman adding new benefits so their employees don't bur

stuart: let's have a look at microsoft. why not? we have deutsche bank saying microsoft has room to run. that means it could go up what level? >> you like this other term in this analysis which is the gold standard which comes to technology shares, that is what they say microsoft is, $390, or another 20% upside and the reason it is the gold standard which i know you like, because microsoft has the widest and deepest mode of any company. do you believe that is true? the x boxer windows operating software. when cloud is number 2, yours is number 2, it has faster growth rates but don't know if there is anything competitive. stuart: don't know about that but i do know they are firing on all cylinders. >> stock price going up. stuart: where's the negative? >> the legacy business, everybody knows that and it is execution incidental. stuart: one more. the online education people are down 40%. what happened? >> students are not coming back, business is not doing as well as anticipated. a huge drop. students are not coming back as anticipate

microsoft closing in on 340. illegal migrant applications at the southern border surged compared to the same time last year. bill, is that the highest october number ever? >> uses in the number is not surprising because once again we had quite a bit of activity where we are standings this morning. we will get to the video and show it to you. we shot this this morning. 200 migrants showing up in la jolla, texas. they cross illegally, they give themselves up, mostly family units. they walk down the road, look at this other piece of video we have from the air and the ground and once they cross illegally they walk around the incomplete border wall, it is called military road and they are in smaller groups, they arrive at this ballpark and this is where they turn themselves in but it is not just these family units costing illegally, there's the runner element, this started at 5:30 a.m.. look at this video we shot of a group of 30 runners who were apprehended by border patrol, single adult men, single adult women who d

microsoft hit an all-time high today. microsoft down to 332. bitcoin is lower. down to 61,800. 10-year treasury yield is below 1.60. significantly so. 1.56 is the yield there. 10:00 eastern, latest reading on the service sector. what do we have? lauren: much stronger than expected, increasing second month in a row to 66.7, stuart. i'm surprised the market is not moving to the upside or more towards the flat line because of that. factory orders, stronger than expected the .2 increase in september from october. two good reports. stuart: inflation? lauren: yeah. stuart: kind of -- opening it up. lauren: fed. wait and see what jay powell says and does today with the two ts, taper and timing. stuart: good news can sometimes be bad news and bad news can sometimes be good news. lauren: sometimes we're confused. stuart: but we're not. this is the defeat of the left. the high point of socialism may have come and gone. we can but hope. democrats in new jersey and virginia tried to make the election all about trump. it was more about the failures of biden. all the leftist

stuart: have you ever done a zoom meeting and/or a microsoft teams meeting? i mean? >> the same day in the same hour? yes. stuart: are they comparable? >> they are comparable i would say also google meet depends do you have a gmail account because it's easy to just push the button on the e-mail box itself so there's a lot of competition with ease-of-use and less friction. stuart: susan thank you very much indeed. the media reports that president biden has told our allies yes, he will run again in 2024. look, he's going to be 82 by then, and if he runs, he will have to mountain under energetic campaign, and he has to say this he's got to say, i'm running. if he were to give the slightest hint that he will call it quits after one term, he has a mad scramble to get in line, a disaster for an already badly- divided democrat party, okay, and it would put even more pressure on the already- embattled vice president harris. what a situation. less than a year into his presidency, there are widespread fears he's not up to the job and surrounded by crisis of his own making, he'

hit another intraday high, microsoft is at 334. it hit 335 earlier. the yield on the 10 year treasury is down to one.25%. that's why big tech is doing well. there's a correlation between the two. 152 on the 10 year. now this. the great climate conference in glasgow has all the scary talk we are used to from the climate crowd. how could president biden fall asleep when world leaders were warning of armageddon. the secretary-general says fossil fuels are pushing humanity to the brink. britain prime minister boris johnson says without climate action mankind is at one minute to midnight it if we don't act, worldwide anger will be uncontrollable. president biden thinks climate change is an existential threat, a threat to our whole existence. i -- in my opinion it is meaningless. which countries apart from the united states have met their carbon reduction goals and which countries are going to commit to cuts in the future that will meet the un's goal? very few and if they did meet those goals many of those world leaders would be voted ou

let me check microsoft. it has hit another all-time high. it is on track for a second record close, 340 on microsoft. show me meta-. the social media platform rolling out a new feature that will allow popular users to get paid for live streaming content. they can buy badges that will make their questions and comments more noticeable during live streams. still on meta-they revealed a virtual-reality glove and it was copied from their ideas. what is going on with this glove? >> a company called sorry about that, called x center patented the technology for the feedback glove and demonstrated to meta-executives, it is coupled with virtual-reality to give the illusion the user is physically touching an object in a virtual space. the ceo, jake rubin says his company had hosted many engineers, researchers and executives from meta-to demonstrate the groundbreaking technology. in a press release meta-says it's teams have been working 7 years on various technologies that went into with gloves. meta-has yet to respond to those claims. stuart: tick-tock

amazon, alphabet, all the big names and microsoft down one%. the 10 year treasury yield bouncing around, one.68% on the 10 year. looking at crude oil a slight jump of $0.07 up 0.one% at 7857 a barrel but this just in. a white house spokesman says 96.5% of federal workers have received at least one covid jab or asked for exemption. 96.5%. that's a lot of folks. vaccinemakers are down today in a down market. still ahead, molly hemingway, pete hegseth, joe can'ta. that is next. (vo) the more we do with our phones, the more network quality and reliability matter. and only verizon has been the most awarded for network . . according to customers. there's only one best network. the only one ranked #1 in reliability 16 times in a row. we are building 5g right. hi i'm joe montana. when you get to be 65, you have little patience for nonsense and inefficiency. you know what works and you become a pro at pretty much everything. ♪ ♪ that's why when i qualified for medicare, i went with wellcare. ♪ ♪ with no cost or low monthly premium plans, and no

microsoft as well. by seagate technology. cardinal health caesars entertainment, nasdaq winter amethyst, micron text, synopsys, adobe, none of the big techs are on that list. dow industrials in early going going up 90 points, that is a 12:45%, 10 year treasury at 156, price of gold at $18.59. bitcoin in the low 60,000 range, oil $80 a barrel, natural gas hovering around $5 per million british thermal unit and the average price of a gallon of regular is still $3.42. regular now averages in the formerly golden state $4.66. next case former president obama's economic advisor admits this administration is caught flat-footed. >> doesn't look transitory. it doesn't look to be a few specific factors, in september when they went back to school the labor force would grow and it didn't happen. >> what is the president's inflation plan? inquiring minds want to know. not just car prices soaring, new ones that you back as well. we will tell you how much? it is a big number. if you are looking to make money, top tech analyst mark motthaney

were already partnered on microsoft azure, onedrive and microsoft office and it sounds like they're going to continue building these partnerships as they expand into the metaverse what else, john, i know you're a skeptic. >> anybody else forget that facebook workplace was a thing i think they got 7 million paid subs while microsoft teams has around 150 million is this capitulation when i see, i don't know, we'll see how quickly they can grow from 7 to more than 10 and maybe upwards into 20. >> john was on your page, john, when it came to the use of the word metaverse. >> a lot of marketing dollars behind metaverse a lot of marketing dollars >>> check out shares if palantir downgrading the company to sell after revenue growth slowed those shares down5% today. but it's a stock that is down 40% since february still up, though, 150% since its ipo a year ago more "techcheck" is straight ahead. stay with us you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candid

alphabet, amazon, microsoft turned up but not by much. let me this the stock of the day. nvidia a terrific earnings report this morning. they're up 11%, company of that size a 11% gain is monumental. 1.59% that is important, be just below 160. 10:00 eastern on thursday morning that means the mortgage rates. number please. lauren: freddie mac, 3.1%. up a bit last week. why? strong spending on the home. everything that goes in the home. dagen: i sense a rise in mortgage rates, not much but a rise gradually. halcyon days -- lauren: much lower and that you paid for your first home. dagen: that's true. thank you, lauren. now this. >>> the president's vaccine mandate is frankly falling apart. there is significant resistance to getting the jab and real confusion about which vax to use and when to use it. i'm all in favor of being vaccinated but i'm against forcing people, threatening their job or ability to travel or eat out. that is draconian and it is silly. you have to show proof of vaccination to attend the outdoor times square ball drop on new year's eve? as the president w

microsoft, apple, alphabet, amazon, meta platform ifs all on the upside. let's get to tesla. we know musk sold about $5 billion worth of shares. hey, susan, good morning to you what's new on tesla morning in. >> no tesla sold off -- so tesla sold off this week after elon musk tweeted out asking if he should sell 10% of his tesla stock. well, it turns out he already had that plan in place to sell his stock in mid september. that's when he planned it. and he planned to sell the stock this week, so it wasn't a big surprise really for him, and maybe that old wasn't the reason -- that poll wasn't the reason why he's offloading some of his tesla stock. take a look at the capital gains he has to pay, that's the main motivation for this stock sale. he told 4.5 million shares at $1,000 plus. he only paid $6.24 for those options, so you do the math, stu, on that monstrous tax bill that he has to pay. this has to do with those expirings in august of next year as well. you you know how it works, right? you use them or lose them, so think about another big sale to come probably in the nex

, the best tech stock on the year, 70%, could catch up, to assure and microsoft. stuart: expedia going strong. >> what is powering their bottom line is there air b&b competitor, the home rental, domestic travel, the entire travel stock, the airlines, welcoming vaccinated international travelers starting monday and boosting travel stocks at the pfizer covid pill. this broke 15 minutes ago, the wall street and reporting the wall street journal is joining the sec in investigating a startup for overstating their production and what the technology is. stuart: an investigation will do it every time. republican glen youngerkin won the governor's race while keeping trump at base. the republican national committee, joined me now. keeping trump at arms length. is that the republican template for 2022? >> i don't think trump was at arms length at all. mcauliffe talked about trump every single day. trump endorsed youngkin to get into the primary and trump was pivotal in doing tele-rallies in southern virginia. i don't think that is a winning strategy. stuart: youngkin would n

microsoft is growing about 15% over this time google is at 23. netflix is at 27 amazon is at 28. and facebook, given all the discussion about the metaverse, they've grown revenues compounded at 34%. you can buy both facebook and google at a lower multiple than apple. and don't forget, apple is a massive pandemic beneficiary and so, for them, their iphone revenues over the last five years, fiscal 15 to fiscal 20 were down 11% over five years before you had this pandemic benefit. ipad, mac sales were also down year over year before the pandemic hit so, you know, for me, it's -- we like facebook a lot. we like google a lot they're growing 2 to 3 times faster and buy them at a lower multiple with faster growth rates in the future. and we haven't even gotten into the risks around privacy and what that does to their app store or take rates. >> right, dan. how much weight do you put into the services piece of the apple story? still a relatively small portion of revenue, but if you think that during the pandemic, they were a beneficiary and were able to grow that installed user base, cou

but microsoft overtook apple in market cap which kind of happens every once in a while. one might argue arguably on the strength of its enterprise software and cloud business and, of course, we also had last week report such strong growth and that's a software enterprise collaboration and dev ops company. when you're moving bits and not atoms you don't have the same. >> it's a virtual chain. no physical chain to deal with john, you and i both watched this the market has been seeing this play out for a while now one of the reasons why you've seen a lot of the enterprise technology names really outperform some of the key parts of the hardware market not that investors have been kind of ignoring it. they have been the exact opposite they have been pouring money into many parts of those markets and they've been doing so especially in the mega cap-type names. the ones that provide the most safety cushion or perceived safety versus some of the smaller names out there. so, yes, enterprise software is key, but size is also a big part of that trade so far it has been those mega c

absolutely i would think that companies like apple, you know, obviously facebook, obviously microsoft, twitter by the way is probably one company that no one thinks about but they probably know this space better than anyone in terms of what the players want and how to engage that audience because twitter is very much engaged in the block chain ecosystem. when you talk about metaverse, really you're talking about nonfungible tokens you can take with you in game and across metaverses obviously nvidia is big one as well i think twitter is the most underlooked, i suppose, in this space as far as public companies go >> underlooked or underrated i was actually rahul going to mention snap they're developing all of these augmented reality tools and letting users use them right now. they're also capturing, you know, younger generation >> yeah. i mean, sure you know, i just don't know that snap has kind of a clear vision about how this space will work you know, how exactly what is the metaverse, although years ago i think they acquired a company that did glasses they created their snap glasses

beloved microsoft is teaming up with facebook. integration with face bob team, zoom killer, conferencing product. megacap companies can't find a explanations to collaborate together. not winner-take-all necessarily in technology. stuart: not winner-take-all. i will remember that. thanks, susan. >>> president biden will visit the port of baltimore today. he will taught his infrastructure plan. edward lawrence is there. edward, that port doesn't really have as many supply chain issues as the california ports. is that why he picked baltimore? what do you say? reporter: yeah, we're only about an hour from the white house here. he doesn't have to go very far from home. he will be here later on this afternoon. take a look, this is a smaller port as you mentioned but there is work still going on here and the bipartisan infrastructure money here will immediately go to raise the height of train tunnels so containers can be stacked higher as they go through the midwest. brian deece told me, the money will unclog the supply chains but could

stock surging post earnings as activision and zillow plunge later on, microsoft enters the metaverse. netflix launches its games >> we will start, though, with the massive melt up in tech stocks the nasdaq looking to continue its longest winning streak since august of last year. still hovering around the fly line at the moment mike santolli with us looking at whether stocks are too hot this is the question of the moment, mike >> it is i would argue we're in a reheating phase, maybe not yet to an overheating phase but it has been quite a month a munt ago tomorrow that we did bottom and the nasdaq 100 up 10%. a lot are moving even faster this is the five-day chart remember the buzz etf. the social sentiment basket of stocks that are really being talked about a lot online. tesla is top of the list and affirm and a lot of the other ev names apple, as well essentially a lot of those stocks that basically have a lot of carry on social media are running, as are small cap stocks this is important to note. this is the time of year where there is a grab for the riskier parts of the market and i

. >>> uber now getting smoked this morning as wells gets bullish on microsoft. both of those stories are next "techcheck" is just getting started. ♪ it's another day. 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. look, if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better—xfinity mobile. now, they have unlimited for just $30 a month. $30. and they're number 1 in customer satisfaction. his number? delete it. i'm deleting it. so break free from the big three. xfinity internet customers take the savings challenge at xfinitymobile.com/mysavings. or visit an xfinity s

they call microsoft, the gold standard of the bunch. stocks up 50% year to date deutsche sees upside of further 20%. still ahead, dee. >> more dollars for that market cap. >>> meanwhile, regulation could be on the way for stable coins, popular type of crypto currency values peg two traditional currencies is like the dollar. president biden's working group on financial markets releasing report on the space calling on congress to, quote, act promptly to enact legislation so that stable koins and stable coin arrangements are subject to more oversights specifically the report recommends stablecoin i issuance to be limited to ensured banks giving regulators more control over the coins. one of the biggest stablecoin issuers circle releasing a report joining us now ceo and co-founder jeremy alair. walk us through a worst case scenario what are regulregulators and las worried on i realize circle has different transparency standards than tether which is twice the market cap of circle. what is the worst case scenario? >> well, i mean, there are a

big tech, all of them now moving higher, microsoft, apple, alphabet, amazon and what we now call meta-- which used to be called facebook -- all of them on the upside. general electric is splitting into three public companies. tell me more, susan. >> yeah, the company founded by thomas edison almost 130 years ago is splitting into three companies, aviation, health care and power. and the name and the ceo, larry culp, will go on to live at ge aviation. i'm sure you remember the days when ge was america's biggest company, but as you know, it's struggled over the past 20 the years. ceo larry culp has been trying to turn the company around for the past three years, and ge did that reverse stock split this summer. it helped the stock, but it really didn't help the business, and we know that the aviation business, its main supplier will be to boeing, right? $22 billion sales business, power renewables, that was actually surprising, actually a bigger sales business at $33 billion. stuart: got it. now let's talk about nvidia because luminar ask is nvidia have some kind of deal going here, and

companies, you see that that has bode well, putting in company insiders to replace the founders at microsoft, apple, alphabet, you've seen all of those co-founders sort of take a backseat and the people that replace them doing a very good job. of course, jon, amazon just did that this summer it's still early for andy jassy, but the trend so far has been pretty good. >> yeah. and i think it's important to put twitter in a whole different context than those companies market cap of this company is under $60 billion. what, let's see docusign is bigger than this, snap is bigger in market cap. it kind of has the feel of an underachiever a bit, not to cast aspersions at all on jack dorsey it has clearly its challenges being compared to facebook but even compared to a lot of other companies in tech at this point, there's a lot that could be done with twitter, carl i don't know, i think a lot of people have the sense that this is a company that while it's culturally important has played it safe along a lot of trends and a lot of different ways. so there's room for somebody to take this company in a d

clearly microsoft has done really well, up selling their office suite with the e3, e5 bundling and we think teams continues to get better over time so, you know, i think the competition in this market is picking up for sure. >> tyler, different industry sort of. but i remember when qualcomm didn't get nxp and people thought, oh well, how are they going to get into cars this is a major problem. the stock is down. zoom didn't get 5-9, but they still have this focus on enterprise, i imagine they have a build out more salesforce, more process along that but they have a product that's been not only business tested but consumer tested at this point. so at what point have investors underestimated zoom again? >> yeah. i think certainly as you point out the stock is down more than 50% from its highs and you know, still up from pre-pandemic levels. so we could potentially be getting closer there i mean, my target is 250 post this most recent quarter i think the thing that, you know, you need for a stock to turn around is when you start to kind of get some better news flow -- and the challenge i

microsoft up, apple up. alphabet down a tiny -- it's down 76 cents at $2,972 per share. amazon, $3,500. meta at 343, how about that? we did have some earnings before the bell including oatly. that's the singing guy. >> yes. one of the cofounders. stuart: what happened? they're down 20%. >> i guess the euphoria wears off. sales were not great and oatly said they are facing challenges in the supply changer so they're blaming covid restrictions which they say might slow its scale-up. but i think it's the exponential marketing. stuart: it was a great commercial. could it be that people just don't want operate milk? >> i think there's probably saturation because i think one of their largest customers is starbucks. all of that was built into the price on the ipo. stuart: i think we agree on this. >> great. stuart: titan, what have you got? >> a program they say will save about a billion dollars each year. it's about saving money, maybe not as much growth. stuart: you know what i really want to hear about -- >> yes, we all want to talk about this. stuart: elon musk's twitter sp

if i'm looking at the others, microsoft, apple, google, amazon, tesla, all of those have something that masses of consumers are directly engaging with as an end product and, yeah, nvidia has graphic cards that people buy off the shelf, but usually that is to stick into something else. that is different. maybe needs to continue to go even bigger in his aspirations to create profducts for consumers. >> i think he's got things i don't think that we can understand them yet. they are involved with physics, fluids, equations, speed, involved with trying to solve -- he is trying to solve the world's problems there are very few people who do that he takes a 20 year view. and by the way, i misspoke when i said that he has had no setbacks there was a quarter where he had these terrific cards and they were hijacked by people who were mining and he couldn't tell whether people were mining with them or gaming with them and it led to a shortfall. and he said that would never happen again so now the only people who use their cards for bitcoin mining are people who recognize that the cards aren't as fa

google, amazon, microsoft, they are taking sort of different approaches here and eye on q is using ion technology some have completely different approaches here and there will be losers. even the vc investors say that's why it's so risky. everyone is investing in hardware but some approaches don't work if you think about silicon valley, the silicon days, people investing in other forms of technology in hardware and even some types of semiconductors that didn't end up working lost, but that is the venture model. the other thing on m&a, there is probably a musical chairs situation about to play out in terms of m&a there is only five or six companies out there that are not google or ibm. i will find this interest. a reporter that covers google and alphabet, they have done a lot in quantum and they are the most quiet and secretive in the space. others, ibm is outputting out different releases there are strategies in terms of signaling to other competitors what they are doing. >> eamon, i get a lot of inbound investor questions about quarantine, quantum. here is my take on it so far there i

channels >> where have we heard that before this phrase like some of the incumbents in issues like microsoft. google, apple. >> i thought grammar wasdead o line how about making your words and grammar look different watch dell and gm there, you can see both are up more than 3.5% right now on cnbc.com. more tech check in a moment. >>> welcome back in the green today software and cloud stocks have been hit especially hard out with earnings. beating expectations reporting a loss and our stock moving up higher are about 6.5 to 7%. good to see you again. i want to ask you particularly about your reintroduction of guidance here. given what we saw from auto desk and another software what is giving you that confidence to be able to build visibility at this point >> one of the things as you know we've been doing transforming to be a subscription company. at this and we have the stability of the renewals business starting to kick in so this, combined with the solid operational that we've built over the last four quarters, that we've consistently beat expectations and raised them going forward, gives u

narrowly, down 2.75% 2% decline for microsoft alphabet down 2.5% amazon, outperformer, only down 1 and a third percent. e-commerce helping buoy that trade. tesla down 2% as well. these five stocks makeup a large part of the overall s&p 500 and nasdaq the tech sector overall, the pull back from highs we have seen recently is still modest. if you look at one of the etfs, xlk, that move puts you 4% below record highs we have seen in the last couple weeks to put that in perspective now. also, if you want to look at what's working versus what's not working, there's been an interesting move in certain parts of the market that have shown signs of life versus others that have not if you look at some stocks in the news today so far base of trades we have seen, look at names that have done well, beneficiaries of the lockdown we saw last year during the covid pandemic zoom video, now up 7%. that's off session highs docu sign up 2.5%. teladoc health, up 5%. etsy is down 1% now, and peloton, big underperformer when it comes to connective fitness, up 3.5%. those stocks that benefitted the most durin

a new solicitation posted this morning online sees the pentagon asking amazon web services, google, microsoft and oracle to bid for this new cloud contract. the size of which remains unclear. but certainly it opens up the competition for at least these four companies seen as a major win for all of them to get a piece of a very lucrative government deal. now back to you. >> thanks so much, kayla interesting news there >>> shifting gears, vaneck launched bitcoin futures etf trading under the ticker shortly after the etf rejected vaneck etf that sought to track bitcoin directly joining us jan van eck let's start off with your response to the fact that sec continues to deny direct bitcoin etfs >> it was sad news last friday you know, we've been trying to get a bitcoin etf approved since 2017 the logic, it wasn't surprising decision the sec is very clear that they would like some more insight/surveillance into the cash bitcoin markets that just having a regulated bitcoin future's market isn't enough for them but we're happy to have a bitcoin fund in the market i think investors are dramatically un

the younger names are a lot more attracted to inestvestors these days >> i remember when they called microsoft a dinosaur you all saw jurassic park. >>> after the break, i sit down with mongodb ceo live. the stocks enjoyed a nice run up reha60th yr.mo tn % isea stay with us it's another day. 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. >>> take a look at shares of roblox strong earnings last week popping another 30% in the last five days. yesterday announcing some new ad products management saying, quote, in the next three to five years all will have a roblox strategy and that has gotten notice from some of the desks, especially morgan stanley, john. >> i'm just