tv Tech Check CNBC October 13, 2021 11:00am-12:01pm EDT
going to be coming back andened laing like the shuttle did and comes back to landing on the runway the other two players in the field, their capsules come back by parachute >> the capsule just landed >> awesome now, glad to see that. see the actual vehicle on the ground but, yeah, there's different ways of getting crews back and it's always a look at the cost and, obviously, parachuting these back with the most for spacex the dragon capsule coming back by parachute is, obviously, the most cost effective for them "blue origin" lands on the land and spacex lands in the ocean. again, just the difference between an orbital flight and
suborbital flight and the cost effectiveness of it. i'm glad i landed in a space shuttle on a runway. i would prefer that. >> and, of course, we're looking at the live images it is a successful and complete mission now for ns18 blue origin's latest and second crew flight to the edge of space. you have four astronauts onboard including william shatner, aka, captain kirk who after all the fame and years of talking about and covering space on the series "star trek" has now actually just traveled to space and is now an astronaut along with two paying passengers and a blue origin executive. the four latest civilians to have made this trip and we're going to continue to watch these images because in the coming moments, you will see them begin to, the checks begin to happen by the blue origin staff and
they will be taken out of that capsule and brought back to the site, as well. but, again, another historic flight because shatner at 90 years old is now the oldest person to have gone to space gentlemen, thank you for joining us through this. okay carl, i'm going over to you. i'm not thanking anybody yet >> top of the hour and quick reset here as we start "techcheck" this morning i'm carl quintanilla with john fortt and julia boorstin technology gets a little bit better and little more intelligence, obviously more data to chew on and efficiencies grow and you have more human stories to tell and we're certainly going to want to hear from shatner himself and then the others but to hear about what this was like >> yeah, we are getting news that all four of the astronauts
who are onboard that capsule that just relanded in the west texas desert, that they have given the thumbs up and all doing well after their almost 11-minute journey to the edge of space and to your point, carl, i mean, after the last flight which was a historic flight in and of itself the one that founder jeff bezos was on board for. when i spoke to bezos after that trip he did say, quote/unquote, a tiny step of what blue origin is going to do and what they're really trying to do is build reusable space vehicles and that is the only way to build a road to space so, this is the first commercial business for blue origin, but only the first and so we want to stay with our guests, as well, who are astronauts themselves and made their own journeys to space as we do, await the next steps with the crew actually being able to
exit this capsule in the west texas desert right now and, mike, i'll go to you first just in terms of what that must feel like for these latest now astronauts to have made this journey having done it yourself and what it does to your, i guess, sense of earth, as well, to have seen the curvature from out in the blackness of space. >> wonderful day today they're going to be celebrating any time you have a lifetime dream come true, as i did, as they did, it's so incredibly fulfilling that you can't get the smile off your face. and they're going to experience that and as far as looking out at the earth from those atitudes, again, it's just so wonderfully beautiful and it does inspire you to make sure that you do your best locally to ensure that it's preserved for future generation, no question about
that i'm sure the "apollo" astronauts had a much greater sense of fragility of the earth seeing it floating out there like a blue marble in the vastness of space. so, it does, we get more and more people up there and better steward of the earth >> garret, same question to you. they traveled at about three times the speed of sound, that was the maximum speed for this journey. they went above the carmine life which is about 62 miles above earth. they did get to see that curvature and did experience the weightlessness for several minutes. how does that change a person? >> well, i tell you, it is a super exciting thing and it goes by really quickly. i mean, i remember being on a two-week roughly shuttle mission and such a surreal experience being in space and zero gravity
and seeing that view two weeks after you landed it went by so fast and seeing on the runway in the shuttle saying, you know, what just happened to me it was that real i can only imagine what a 15-minute ride would be like that's even faster and even more surreal. i'm sure they're lying there saying, whoa and just kind of overwhelmed. but it is special and i agree with mike. a lot of us come back and have a new appreciation for the fragility of our planet and i do hope that with more and more people getting to go now and seeing the earth from space that we do get a refound sense of being good steward and needing to take care of this planet and address things like climate change and really just do a better job of taking care of our spaceship which is spaceship earth. >> morgan, i know we're getting ready to watch the passenger comes out. they seem to be putting the stairwell against the capsule now. but i'm struck in all of this by
the marketing value of william shatner aboard this flight this is the second flight we're seeing from blue origin. very often we wouldn't be watching this, but a lot of free air time advertising, right, the next flights to happen what is the, blue origin and jeff bezos seem to be playing this better than the others as far as the artifacts they took on time last time and william shatner on this one, how big a deal is that for the business of space? >> it's a big deal right. i mean, this is, we've now seen several of these all civilian or partly civilian trips to space this year but suborbital this being the second for blue origin and sir richard branson on virgin galactic test flight and then spacex with "insperation 4" just last month and more flights for blue origin scheduled in the coming months
it's potentially a big business when you talk about quote/unquote space tourism. only one piece of the bigger, broader space economy that is emerging and growing rapidly right now. analysts can't quite get their arms around the total addressable market, but as you can see right there, i'm going to interrupt myself because that's jeff bezos on the ground knocking on the windows of the capsule and motioning to the crew inside as you do see that support staff basically set up around the capsule in west texas right now and getting ready to begin extracting them from the spacecraft but in terms of the business itself, i mean, the estimates range where jeffries is concerned -- >> we're going to listen in. >> standby >> stand by.
burgeoning space tourism market. analysts are trying to get their arms around it right now and you're seeing estimates from $4 billion by 2030 with ubs to a potential $120 billion market opportunity at jeffries. here's what we know. there are two companies in this suborbital space market right now. it's blue origin, the company we are watching and covering so closely right now in the midst of this second crewed flight and virgin galactic. its most direct competitor what we know from both of these companies and bezos beginning to open the hatch, this is a potentially huge market with a lot of demand. more demand than capacity.
and that is blue orjudge vice president audrey powers. >> a big hug from her sister captain kirk himself, the great william shatner. our customer chris boshuizen the first -- >> okay. there is the crew emerging from the capsule. we'll bring in will marshall and co-founder who co-founded that company, that space startup alongside chris boshuizen.
will, i want to get your response to this successful, completed mission that your long-time friend and former colleague now has completed. >> yeah. i mean, i'm so happy for chris we've been friends for 20 years and he's been wanting to do this for many, many years also with that, just never gets old. >> this is william shatner describing his experience to jeff bezos. the champagne showers have begun. smiles all around.
william shatner taking in the moment >> while the champagne bottles are open, we can probably suspend our coverage for a little bit congratulations to bezos and shatner and to the crew and blue origin, as once again, we see history getting made in this new era of space travel, morgan, which you covered and will continue to cover so beautifully. dow is off the initial intraday lows of about 230 or so. down 136 we'll take a short break and "techcheck" will continue in a moment 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.
>> let's listen to shatner talking about the flight >> so much larger than me and life and it hasn't got anything to do with the living green planet, the blue origin, it has to do with the enormity and the quickness and the suddenness of life and death >> it's so beautiful >> yes, beautiful. >> no, i mean your words just amazing >> i can't even begin to express what i would love to do is to communicate as much as possible the jeopardy, the moment you see
how the vulnerability of everything it's so smooth this air, which is keeping us alive, is thinner than your skin it's a sliver and immeasurably small when you think in terms of the universe this air mars doesn't have it and nothing, i mean when you think how it changes to oxygen and that level sustains our life it's so thin to dirty it, i mean, that's another whole subject. >> so fast >> so quickly. 50 miles -- >> just in blackness >> in the moment --
>> this is life. >> this is life and that's death. in the instant you go, that's death. that's what i saw. >> that's what i saw >> that's amazing. >> i am overwhelmed. i had no idea. you know, we were talking earlier before going, well, you know, it's going to be different. yeah, whatever that phrase is that you have that you have a different view of things, it doesn't begin to explain to describe what, for me, i mean, everybody -- and this is now the commercial ever everybody, it would be so important for everybody to have that experience. through one means or another maybe you can put it on 3d and
wear the goggles and have that experience that certainly is a technical possibility. but what you need, also, lying there and i'm thinking, listen, one delay after another delay and i'm lying there. how am i feeling i'm a little jittery here and there's something in the engine and found an anomaly in the engine they found an anomaly in the engine oh, you're going to hold a little longer. and i'm thinking, okay, i'm thinking i'm a little nervous here another delay. i'm a little more nervous and then the thing start -- by the way, the simulation is, it's only a simulation. everything else is much more powerful >> doesn't capture it. >> it doesn't capture and the jeopardy, bang, this thing hits.
that wasn't anything >> pull your skin back >> what's going to happen to me? am i going to be able to survive the g force? am i going to survive it >> we had been watching the conclusion of that blue origin flight to space to start the hour it is william shatner speaking to jeff bezos about the experience a combination of a near death experience that they're describing when they saw the glimpse of heaven and best roller coaster ride ever now we're going to transition down here on earth to our feed this morning which starts with apple and some expected hold ups in the supply chain. bloomberg reporting that it could cut iphone 13 production by 10 million units this year due to chip shortages and apple falling premarket with shares
inching towards correction territory. you see it there down a third. texasinstruments down this morning as they struggle to deliver chips for the iphone apple previously forecast an impact in the coming quarter unclear if this is a new production issue or just the same issues that tech companies have been warning about for months, julia. you know, over the years what i have had a chance to speak with tim cook about this sort of thing he has tended to say, look, you don't have the insight into our supply chain that apple does and, so, trying to draw too much of a conclusion from one headline or one piece of the supply chain and we should note that apple warned tight supply we don't know how much inventory they built in and tough to read too much into this if you're an investor >> we don't want to read too much into this but this could be
a moment that we have seen a company that apple has been able to hold off having any real impact from these broader chip shortages that we've seen impact so many different industries and morgan stanley said it's possible that if apple does have an impact right now, that that could end up meaning that they're better than some of their rivals they will have an impact, but whoever their rivals are will feel bigger impact because apple does have the scale and all these different things in place to be able to manage these issues could it be a situation where they feel the effects of a shortage but end up gaining market share through this process, carl. >> it was, it was katie huberty of morgan stanley just a few days ago, john, we talked about it on the show where she didn't think supply crunch was material for apple and any delay in production pushes iphone sales into future quarters in other words, demand isn't
perishable and it should not impact valuation maybe that'swhy we saw shares of apple trade pretty well premarket. >> we can keep in mind dave limp over at amazon a couple weeks ago gave us good insight into the planning process here. he talked about they have a pretty good sense at amazon for how demand for their devices develops over the course of the year and in the pandemic what they did is they launched their sort of lower cost devices, higher demand earlier in the year so that they could space it out and get a feel for how that was goegto go. what we don't know is what apple would have done with this cycle had we not been in a pandemic and had they not faced shortages. would have they updated the iphone se and configured their phones differently clearly they're probably planning for these launches based on the supply that they expect to have so, we will see, guys, whether this works out in a way as apple has projected that they can plan
on meantime, jpmorgan earnings are out. it's a beat. the stock is higher. we want to talk about the read through from the quarter for the disrupters in the space. fintech, that is like square. ceo jamie dimon consumer and banking was up 20% and card payment rates have stabilized contributing to modest card loan growth joining us now for his picks within payments and what jpmorgan could mean for these stocks, wolf research payments analyst darren peller. good to have you what are the important metrics that you look at when you're considering the impact on the stocks that you think are most important? >> yeah, thanks for having me. when you look at this data, they're really important because, for example, jpmorgan can represent anywhere from 15%
to 20% of total cards outstanding in the u.s so, they're a big sample size. really giving us a sense of what's happening as we head into earnings of visa and mastercard and square and paypal. what we saw in the data was that it accelerated despite concerns out there about the delta variant and stimulus waning. you really saw about a 200 basis point acceleration from last quarter to this quarter, especially when we compare it versus 2019. a more normal time frame relative to the, you know, kind of odd year we saw in 2020 with dotcom it just showed us that credit card further accelerated and gives us a sense that the visa data and mastercard data estimates out there are fair or conservative and for square it sets up pretty well for their volume data points that we'll see in the report in november. >> we talk about finntech a lot. when we talk about fintech we tend to talk about consumer. but i note that one of the focus names that you have with clients is bill.com, which is very much
an smb-focused fintech company square used to be that too before everybody started focusing on cash app how much of fintech growth and the infrastructure platforms that are being built how much of that is contingent on them having the right solutions for small/medium business should that get more attention >> that's a huge trend from our perspective payments in general and really small business investment is enormous right now. we're seeing still record levels of new business formation among smbs in the united states. much higher than levels we saw pre-covid. any real software application or payment application that can apply to that can be successful. bill.com is one of our top picks because we really see it being one of the best accounts payable software which combins the payments underneath it keep in mind, guys, we have one, we have years and years of
expansion in b to b payments when you think about being 25 trillion of spend between businesses and only 1% or 2% outside of checks and legacy >> darrin, if you take a step back and look at the broader industry here. a lot of talk of how this is fintech mass adoption event and permanent acceleration into fintech but looking at the incumbent companies versus the new challenger banks how do you see that playing out? you're also bullish on visa and mastercard as well as smome of the newer companies. >> we continue to see a third of app downloads of financial services apps being on the digital banks that we're seeing and i know jpmorgan talked about really moving forward internationally with a digital initiative even the legacy banks know if they're going to compete, it has to be on the digital format but a third of total downloads up
from single-digit percentages versus the banks a few years ago. the chimes of the world and the borrows and when you include square and venmo in those numbers, two-thirds are on banks. we absolutely think that trend is here to stay and that consumers have shifted to using digital and away from the branch bank >> we're going to continue to follow it. darrin peller, thanks for being with us. >> thanks for having us, guys. apple watch reviews are out and we have the breakdown on that keep your eye on shares of amazon since andy jassy took over we'll have more on jassy's first 100 days in the chair as "techcheck" mebacos ck
rising food and energy prices driving consumer inflation back to a 13-year high. the cpi index is up 5.4% over the last year. in september, prices were up 0.4% but excluding food and energy, september inflation was just 2%. still consumer inflation has risen faster than average hourly pay since last september stjpmorgan the first to rept quarterly results. profits were well ahead of forecast but that was largely due to a big reserve release delta also falling despite a big earnings beat. the airline says rising fuel prices will join the company to a moderate loss in the fourth quarter. the union representing film and tv crews says it will begin a nationwide strike on monday unless a new labor deal is reached. the union 60,000 members want better pay and safer working conditions and in san francisco, walgreens says it's closing five more of its stores to rampant organized shoplifting. theft levels at those locations
are five times the company's national average and that's despite large increases in security now you're up to date, john, back to you. >> rahel, thanks as we have been watching jeff bezos in west texas, his repla replacement at amazon his first 100 days looking at new nearterm challenges and long term as they gear up for the holiday quarter. fla flagging supply chain and labor concerns as a short-term margin risk and pointing out amazon logistics operation has an advantage over others and that's in addition to anti-trust scrutiny and competition in the cloud as well as general marketplace disruption as shopify and other direct to consumer platforms gain traction with sellers shares are down nearly 7% since jassy officially became ceo. kind of reflecting what is happening in the market overall.
but amazon and jassy has recent successes, as well, growing studio offerings and pushing into gaming with new world that's a hit for gaming, which amazon kind of needed and expanding the prime air logistics network and then the advertising business, julia, which is big quite big. and growing into a force in the industry >> yeah, advertising business one we don't talk about enough amazon is not only third behind facebook and google, but also gaining market share very quickly. john, i think it's so inest thering right now if you look at the particular challenges facing amazon as we talk about all the issues at the ports. this is a holiday season unlike no other and one in which people are used to getting things virtually instantaneously as people shift to ecommerce and this risk that people will be disappointed with all these
delays and the fact that amazon two-day shipping may not exist for a lot of products that people would want to get really quickly. >> true, but, carl, i also look at this and think that port issue, that's everybody's problem. and amazon given the increase in amazon air, given the delivery network that it has and given the signal that it has from consumers and what they're searching for even now, they know what they need and perhaps have better data and intelligence than others so, while this is an issue for everybody. we're talking about apple having its own challenges which it had warned about in supply chain amazon's got data and logistics network. that helps >> yep not all logistic clients are created equal. we talk about having leverage on the chain all the time although, julia, i would point out that did cut margin estimates for amazon on the higher input costs and labor, logistics, technology, infrastructure, they
say enough macro head winds to continue holding back shares in the long term but long term and medium term they would be buyers on weakness. >> a lot of bullishness for the long term for amazon and, yes, you're right, john, it's true. amazon has more resources than anyone to figure out these problems but i would also say when you order something from etsy you don't expect to get it in two days but the expectations higher for near term. a lot more techcheck is straight ahead stay with us that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it.
apple is down 1.5% we talked about the supply chain worries already this hour. what is the read for some of the suppliers, josh lipton watching that hey, josh. >> the new report on apple saying iphone production could be cut by 10 million units because of that component shortages. they take these stories with a grain of salt given the size and complexity of apple's supply chain. where could investors see ripple effects? joe at webbush said 38 companies with revenue coming from apple
sirius logic which is 20% off its january high and skyworks which just downgraded and also 20% off its high and flat now on the year and qualcomm that announced that 10 billion share buyback program. rough there. on pace for its third month decline and worst since march 2020, as well as broadcom. that is up 10% this year just slightly underperforming and down about 5% this year. back to you. let's stick with apple apple watch reviews are out this morning. we also got the news that apple will be holding another event entitled unleashed on monday new macbook models are expected to be the star of the show let's bring in john of the daring fireball tech blog. john, thanks for joining us. before we talk about the new watch or what to expect next week, first tell us what you expect in terms of these supply
chain issues how much do you think apple is prepared for them and how much do you think they're really going to be impacted >> i think they're prepared, but i just did a spot check before this morning after publishing and the new series 7 watches if you order the aluminum models now the delivery date is already out and the titanium model which is $800, november 29th to december 6th already so, that's going to make it tight for the holiday quarter. i mean, for people who are looking to get these for christmas and the other holidays it is already tight. and i don't know about you, but for me, before halloween i'm not thinking about buying christmas gifts for people but if you're thinking about buying an apple watch, you better order it soon >> little concerning i hadn't started thinking about holiday shopping yet, john but what about the phones in particular that is such an
essential piece of the holiday equation for apple >> it seems like the phones are in better supply i know that there's the news today that they've cut the production and it seems like that is just based on what they can make as opposed to demand. but iphone 13 the shipping date right now is october 25th through 28th 13 pro november 11th to 18th about a month out if you want an iphone 13 pro and you ordered right now today. that's not what they want. but i don't know, if anybody can manage it, it's apple and tim cook and their supply chain. but it is, it is very different than any year i can remember >> john, i wonder what you make of some of the arguments from the street today that is, all right, for consumer who wanted it in time for the holiday, that might be troublesome. but in the medium term, the demand doesn't necessarily go away in the words of morgan stanley. not perishable and any supply
shortage shouldn't impact valuation. is that fair >> i think that's definitely fair maybe the watch in particular might be a little bit more holiday gift sensitive, but for phones, people who need a phone, they need to wait, they will wait and if they get it in january instead of december, they're going to do it so, i wouldn't be, i'm not as concerned long term, you know, for the phone. the watch, it's a little bit trickier especially because they don't sell so many varieties really right now with the new lineup only sell the new series 7 watch, the apple watch se and the series 3 watch so, if you want a new one, you're really looking at a tight supply chain >> let's talk about this unleashed event coming up. it's interesting not necessarily for the product itself because it's probably a high-end laptop that is not going to be major topline growth, although the margins are pretty nice. what chip we get inside.
is it an m1x and does it extend apple's story about performance and battery life in this genius computing era that maybe intel and amd are going to have to react to >> with the name, i don't put any stock into the rumors that it will be called the m1x, it might be but as far as i know, nobody had the m1 name a year ago these mac chips apple seems to be able to keep under wraps much tighter than they can iphone supplies just because the quantities are so much lower so, who knows what it is going to be called but i sort of feel like calling it the m1x would imply a subtle improvement over last year's m1s where the machines that mac users are waiting for these truly professional macbook pros and maybe bigger i max that are met for pros and i also don't like to read
too much into apple's little hints with their invitations, but calling this one unleashed seems to me to suggest that they are going to wow the industry with the performance of these chips. so, i'd worry less about the name and let's hear what apple wants to call it but i expect very, very impressive performance that is going to put it even more pressure on intel and amd. >> well, john, we always try to read something into these invitations and we'll be watching that event. thanks for talking to us this morning. >> looks like going into hyperdrive, which is appropriate for today's space travel after the break, the moneyball spack billy beane is taking seatgeek public you indeed you do. indeed instant match instantly delivers quality candidates matching your job description.
a gut check on netflix right now trading 3% off its all-time high netflix making it official "squid game" is the biggest series at launch 111 million viewers have tuned in during the first 17 days making the show netflix's first to surpass 100 million in that time period. netflix announcing a book club this in partnership with starbucks. members will be notified whenever netflixs announces its next screen adapitation and a merchandise agreement with
walmart, it's clear that netflix is one working to extend the reach of its brands off of its platform and build the kind of fly wheel that has made disney so profitable and, two, going where the eyeballs are walmart, starbucks, giant multi-national platforms and all about scale. >> yeah. and crypto getting some help from silicon valley in washington elon explains. >> the world's biggest crypto fun developing a national tratgy for the next generation and what that should look like. top executives including katie haun and ceo anthony albanese meeting at the white house and ad agencies this week. the agenda includes advocating for risk-base regulation for example, nfts probably don't
need the same amount of scrutiny as stable coins and the sec or any of the existing agencies may not be right for the job >> we think it's going to be important to recognize the great diversity of use cases and applications in the space. understand that this technology is not a monolith, and do what we can to get regulation that is fit for purpose for 21st century technologies >> a16z wants washington to create a regulatory sandbox, update disclosure requirements and get better guidance on tax rules. >> there are likely few areas that will be more consequential in determining the long-term success of a country in the 21st century than the quality of its digital infrastructure and in the united states right now we're not only losing this race, but it's unclear that many of our policymakers even recognize
that there is a competition under way. >> now remember, the battle of the summer over irs reporting requirements galvanized the industry into action and now a16z says it's in this fight for the long haul. guys >> all right ylan, thank you. >> don't forget to follow and subscribe to the tech check podcast and check in any time, anywhere where you download your podcasts we'll be back in just a moment [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. jerry is here! j! mate, how are ya!?
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oakland as executive billy bean is known for finding value in baseball, but can he do the same in the market being with the spac acquisition ball, valuing the company north of a million dollars. seatgeek co-founder is here. welcome back good to see you again. >> thank you for having me. >> we know billy beane's data and following it wherever it leads and what does it say about the prospect for live events and how the technology plays into that business model? >> we've been surprised by just how quickly the live entertainment is coming back
post covid and particularly when you look forward to 2022, next year, it's going to be just a blockbuster year for live entertainment for supply and demand it came into the pandemic growing 70% annually and continued to gain share over the course of the last 18 months so you combine that with the market itself growing and sort of natural into the business and i think we'll be able to grow something very, very valuable. >> what do you say to investors that say yeah, we get that you're making up for lost time there was a time when we wondered whether we'd go to a live event again, but where is structural growth beyond making up for the dislocation is it new categories or sheer volume volume events or higher prices >> we started seatgeek because on one hand i believe live
events are these magical, life-affirming experiences and the price of tickets have been painful, like dealing with your cable company. we make it incredibly simple so fans can ultimately do more stuff and do that spontaneously. we have a feature that allows fans to return tickets so that they're worried about something to reschedule they can return it back to seatgeek and we are back to many venues and major teams across the u.s. and abroad, such that we're providing software and where they run businesses. integration is very important and -- i'm sorry go ahead >> it's just that the ticketing ind industry has been notoriously complicated that ticketmaster has exclusive arrangements with the venues and others like stubhub. how do you see this plays into
t the competitive landscape? >> ticketmaster has had those relationships historically we're very focused on building the best technology possible and over the past few years we've seen many major venues switch to seatgeek we are honored to be working with the dallas cowboys and the brooklyn nets and the new orleans saints and many other venues and teams they're making that choice because they see that seatgeek software is incredibly powerful because it makes their fans happier and allows to run their business better. it's a case of providing the best technology on earth and they're switching and making choices, as well. >> and do you think there's more upside for you in converting more venues from ticketmaster to your platform or is it in the secondary market which there's always a lot of action oh, you know, when it comes to ticketing? >> we're not focused on converting from a specific competitor, but we are absolutely focused on signing
more enterprise clients. we've had tremendous growth in that over the last few years we signed a few more major ones during covid and that's absolutely something we plan to do over the next few years it will be further accelerated by this transaction and by bringing red bird into the fold. red bird is a firm that has a long track record in sports and entertainment and it will only help us accelerate that. >> finally, jack, would you say music or sports is going to be the more high-powered growth category >> what you will see is sports recover more quickly this year than music and that's because it takes longer to plan a tour. music will have a bonanza next year we've talked to venues and promoters and they've already seen records double for 2022,
and they're relying on touring for their income and haven't been able to so i think you'll see both categories do really, really well and sports has been far long in that recovery and music is in for a big rocket ship over the next year. >> we can't wait for that part. >> me either >> congratulations i'm sure we'll talk again as this process moves forward good to have you withus. thanks >> good to see you >> julia >> one more thing and that's the rights to that highly coveted monday night wild card game. disney and espn getting the deal done for the next five years it's the newest addition to this year's nfl playoff schedule. that weekend is two games saturday, three on sunday and now one on monday for the for the time ever. guys, we may talk a lot about "squid game" and the shift to streaming, but john, the value of live sports continue to be the most important thing for television >> yeah. valuable and nfl, carl, still looking for a partner in technology i remember goodell told us that
when julia brought him to us. >> yeah. in terms of ratings i think through game four, if i'm not mistaken, nfl ratings are up high double digits, up 17% what a morning and blue origin it's time for the half let's get to the judge all right. carl, thanks so much welcome to "the halftime report." i'm scott wapner why the chip stocks are not viable and why it could be more concerning to the overall market than you think you will hear from a closely followed guest today who says that we'll debate it with the investment committee joining me, liz young, michael farr, farr miller and washington, by the way, his firm ranked number 57 on this year's cnbc adviser 500 list, congratulations to you steve weiss here, and joe teranova, as well. let's do what we always do at the beginning of the program and check the markets today. it's a mixed picture dow and s&p are in the red nasdaq and the russell
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