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Buying from the site apple amongst some of the top items. Youre also seeing a little bit of strength from some smaller cities, beyond beijing and shanghai, showing a little strength as well a slight indication along with some positive earning reports over the couple of quarters toward strength of the Chinese Consumer thats looking robust, despite concerns about economic slowdown i will point out the figure they posted is a significantly Slower Growth rate than last years singles day, year on year. That perhaps speaks to the fact this is a singles day thats maturing alibaba facing increased competition in china overall, strong singles day showing from alibaba they would be happy with what theyve seen today for now, back to you working late for us thanks for bringing us the latest well stick with baba. Good morning to you. Zack, i will start with you. Record numbers for singles day alibaba shares are down 2 why . Hey, morgan, thanks for having me on i dont know if theyre down because of singles day numbers we think the numbers were robust actually i did the back of the naeenveloe math, 20 year over year versus 27 last year for singles day. I think numbers came into the mid to high point of expectations, morgan joel, how do you see it we are seeing slight deceleration of growth versus last year. Is that a reason to be worried or is the pressure in shares if thats the reason theyre selling overdone no, i think deceleration was expected most expectations were 20 to 22 growth year over year. It is below. Saw 27 the prior year, 39 in 2017, but it is impressive numbers. I think they exceeded the low bar. I think more of the selling pressure is due to shanghai composite fell 180 basis points overnight. More unrest in hong kong is potentially throwing mud in the water for the hong kong listing. Overall, i think the numbers are fine, it is just a terrible day, given the geopolitical tensions that have risen up again over the weekend. Yeah, zachary given this record, you have to wonder what the number could have been had there not been ongoing trade war or so much disruption in hong kong. Yeah, definitely. I think this sort of speaks to the testament still of babas investments the past couple years to really capitalize on the growing middle class in china. Theyve sort of invested to focus on the middle class in case this trade war is continued and we think theyve done a great job of it. Can we use this as a macro indicator or is it too specific. One day obviously the benefit of the Global Awareness buildup, is this really a statement about the consumer i dont know if it is a statement about the consumer as much as the really the strength of alibaba, the specific Technology Investments that theyve made, the fact the platform is still growing rebustly in china, i think it is more a testament to how good babas done. I think 50 of retail growth was through alibaba. It is really a testament to baba becoming a larger portion along with pierce with pinduo and others in their growing middle class. Joel, just to dig into that a little more, he mentioned that theres growing competition. Is baba still the best game in down from investor standpoint or are other names worth a look as well it is still the 800 pound gorilla in the room, theres competition. 70 of new accounts for alibaba came from smaller cities, thats clearly a focus for growth moving forward then youll see them continue to expand outside china as well in southeast asia, investing massively to logistics they launched, unveiled a cloud operating system to help with all of the single day orders as well theyre a be hooemeth on so many levels it is the company to beat. If you strip away the trade war and recent political unrest in hong kong, shares of alibaba are well north of 200. But until then, it kind of probably lingers in a tight range, 175 to 190, then hopefully the clouds clear and get liftoff on the stock. Zachary, youre around 240 on the target thinking back to the ipo day, few times we had jack ma onset, we talked about the degree they would invest here, take business from domestic companies. How much of that changed given how different u. S. china relations are today from then . Great point, carl i think it has changed look, they still have global ambitions. Make north america somewhat tempered versus when they first went public. Other parts of the world are still very much in alibabas wheel house, and they position themselves well for that as well as domestic consumption, growing middle class joel, just to expand on that a little bit, alibaba reportedly eyeing 15 billion hong kong listing. What does that mean for the Company Strategy moving forward and how it is thinking about that reach in china and beyond i mean, i think really it started getting motion earlier this year. It was talked about prior as well, but i think it is a way to mitigate impact of a trade war, kind of help them raise capital in other regions, boost infrastructure locally i think it is a move more to mitigate the negative fallout of a prolonged trade war, and how they can tap other kind of Capital Markets around the globe without being negatively impacted by Trump Administration policy i think it makes a lot of sense. Joel, go ahead. No, thats it joel, how are you thinking about u. S. Tech stocks versus chinese more broadly yeah, it has been an interesting year for tech. The semis have benefitted from the procyclical rotation. The group bottomed several quarters ago looking for performance in the semi economic space, regardless where you think we are in the semi cycle, with china investing in their own silicon industry, i think the semi equipment manufacturers are arms dealers for the 5g dominance thats where im looking as far as tech goes, who are the names that benefit through 2020. I see numbers higher for semi Equipment Group sem mimply from that the race between u. S. And china wont slow down anytime soon. Talk about the tip of the speer for cap ex intentions. Journal has a piece today about tourists going to china and being confused by whats essentially a Cashless Society if you dont have some of the apps on the phone and are not from there, dont have a china bank account, it is hard to get around i wonder if we have seen mor visavis amazon yeah. Thanks, carl ill pass on the amazon question because mark mahaney, my colleague is lead analyst there. What you talked about in terms of Cashless Society, when i was there at investor day, i had to in order to use ali pay, i had to sign up using my passport, they wanted my phone number and facial recognition this is essentially an on board ramp to allow improve know your consumer to a strong degree, probably more than the u. S i think it is an interesting setup that china is doing as a whole. It is something to watch i think the u. S. Should take notice for sure. Yeah. There are positives and negatives to all that for sure. Sure is zack and joel, thanks for joining us as singles day comes to a close. Have a good one. We want to pause before the break as the New York Stock Exchange is set to unveil plaques on the Trading Floor in honor of veterans day taps is set to begin in a moment it was sophies big day. By the way, shes the next mozart. As usual we were behind schedule. But sophies enthusiasm cannot be dampened. Not even by a runaway donut. We powered through it in our toyota prius. Because a stars got to shine, no matter what. Its unbelievable what you can do in the prius. Toyota lets go places. Welcome back to squawk alley. A warning sign for investors and retailers ahead of the holidays. Contessa brewer has more on that back at hq contessa hi there. A new survey conducted by survey monkey finds a majority of those that responded say a recession is likely next year. The warning side ahead for the holidays, 45 of those that think a recession is coming are cutting back on Household Spending more than a third of all survey respondents, about 43 of women, say theyll spend less this Holiday Season than last year. Retailers tend to pay close attention to what women say, since theyre the primary Household Spending deciders. They make most of those decisions. The survey also reveals how cost sensitive American Consumers are feeling now. A majority of americans, 65 , say theyve noticed a recent increase in the cost of everyday items they buy, this excludes gas. They mention food, groceries in general, specific products include beef, fruit, milk, most commonlily cited items that increased in price and really, the big take away from me, guys, it depends on what Political Party you affiliate with what your outlook is for the next year and how much youre cutting back those that are republicans feel better about the economy, those that are democrat and independents feel more nervous carl thats surprising numbers, contessa thank you for that for more, go to cnbc. Com invest in you invest in you grow is part of our saving app nbcu and Comcast Ventures are investors in acorn when we come back, the next when we come back, the next big venture after th i knewe break. Wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Grammy Award Winning wrapper announcing is going to find and invest in a minority startup the group will run a contest until early december joining us to talk about that, get his take on the private market great to have you back welcome. Thank you for having me, man. This is a very big deal talk about whos potentially in the running to win an award like this i guess well see were holding a pitch competition. 100,000 pitch competition, investing in a minority or woman with a startup we believe the demographics of companies are underrepresented, want to bring more awareness we partner with e 40, legendary hiphop artist and hopefully well find a really Great Company how did the idea to create the pitch competition come to be ive done a few in the past did a 10,000 one, 25,000 one, and well use convo app as the platform to allow them to pitch. Easier to see people face to face this time i wanted to go bigger. I feel theres a lack of awareness for Companies Like this Silicon Valley, theres always a lot of people investing in companies that dont normally look like me i came from a big tech summit in oakland, after row tech. There were entrepreneurs and investors and engineers. People say they cant find africanamerican startups to invest in, it sounds crazy to me trying to do what we can to create more awareness. I think this is interesting, the ways in which we try to reassure entrepreneurs there are avenues to get financing we talked about jamie dimon on 60 minutes doing so much for city of detroit. What would you tell a young founder in terms of getting access to avenues of capital relationships have a lot to do with it but i believe information and relationships are two things that separates the people in Silicon Valley and people that have access to the information and people in my community i am trying to do what i can to get more information out there i believe all of us in the Investment Community have the responsibility to do this, especially in the minority and women world because these companies are underfunded. But it is the opportunity for innovation that can happen people solving new, unique problems the only thing in the way is capital. In terms of innovation, what are the types of startups and businesses youre interested in seeing and funding well, recently i saw a platform called balance which is like a linkedin for africanamerican professionals, and i know the founder who was a brilliant person, and platforms like that are needed because when i go into the tech space, im looking and trying to find diverse candidates i believe it works like this you have lp base of majority of white males that invest in Venture Capital firms. Then those firms are white males that invest in white males that look like them then those white males hire their friends in their network, then you have recruiters in the business of filling spaces, and when they fill the spaces, theyre filling them with a lot of white males somebody like me comes along, says i need diverse candidates at one point i was getting 30 candidates a month then when i said i only wanted women or minorities, i started getting two candidates a month i think thats a real problem that exists and we have to do more to change that. Weve had you on in the past, talk about your investments, whether it is maker or ring or lyft give us your sense of where you think valuations are now are you finding cheap stuff to invest in, and specifically on lyft, where are you on ridesharing now . Im still bullish on lyft when it comes to cheap companies, i am early with companies, find series a companies, i have a lot of access, i am in companies that i believe are diamonds in the rough. Some investors complained that accelerators, incubators, some of the valuations are getting high, but for me, im an early stage investor, not investing like a vc, investing other peoples money, so i think it is easier for me, i dont have to be as price sensitive. I am still bullish on lyft im an angel, i can take risk. I look at the portfolio across the board, where i try to create value instead of putting everything in one company. Thats how i look at it. Have you been surprised to see shares of lyft drop 42 since the ipo . You said you remain bullish here. I think it is normal. You expect it. Especially with being incumbent like uber, doing things that can impact lyft stock. I look at it more long term. Path to profitability, probably in a few years i just have a strong conviction for founders like in lyft. At the afro tech conference, the founder was there speaking stuff like that gives me a bit of confidence. He talked about the relationship between lyft and the drivers because we know theres a lot of controversy about whether theyre going to be contractors or employees hearing his details, hearing him explain his vision for the future gives me companies. I dont need to tell you, Market Sentiment has shifted where investors are a little or maybe a lot less tolerant of companies that have projected losses for years to come has that change in sentiment reached the circles you run in yeah, we hear the rumblings, we dont think like that i know vcs and Institutional Investors have to look at it in a different way. For us, were angels we can afford to take more risks. I look at a portfolio of companies, make 100 investments and, you know, you looking at that as opposed to one company so can i sell my stock and get some liquidity, yes, but i dont really have to do that im not in a need for it feel like i can take a bit of risk, regardless what happens, it will be profit for me regardless. I am wondering if you look across wall street and celebrity circles, et cetera, if theres an investor or set of investors that you admire and that you learned a lot from over the years. I learned a lot, most from the guys at up front ventures in l. A. , one of the largest early stage vc funds in l. A. I was an entrepreneur in residence. One thing drew me to them is vc there, mark shuster. When i tried to get in the tech space, it was intimidating went to his blog and saw he was a guy giving a lot of game out i feel like a lot of people hold information, so i developed a relationship with him. He gave me the opportunity to be an entrepreneur in residence, and when i was in there, i saw Companies Come in there pitching, talking about liquidation preferences, valuations, it was the best crash course for me, gave me a big jump to be able to go out and do the tech startup, entrepreneur thing finally, we are entering election season, so much talk about Elizabeth Warren, wealth tax, tax on the wealthy, vilifying those that have means. What do you make of that is that going to create a weird collision of feelings, especially out in california where obviously it runs heavily blue yeah, i hear a lot of opinions about that stuff. I know that lot of people dont want that, feel like the democrats or Elizabeth Warren is coming to take their money, but the way i see it is im focused on conditions in our communities, specifically the Africanamerican Community i believe that a lot of people in our communities believe the conditions are not as good as they are or are far worse than the rest of our country. And i think stuff like that has to change. Any democratic or republican candidate that is looking to get the black vote needs to talk about those issues you always come to play really appreciate your candor. Well watch the competition. Please come back. Thank you and happy veterans day to all of the vets. Appreciate your sacrifice. Cnbcs list of promising startups is back, 2019 up start 100 revealed tomorrow. For more, go to cnbc. Com upstart. European markets are set to close in a moment. Seema mody has the breakdown of the action overseas. Morgan, european stocks following a weak session in Asia Hong Kong with the worst drop since early august as protests continue in europe, ftse 100 was the biggest underperformer due to the british pound spiking to a six month high after nigel farage announced his party wouldnt contest any of the seats won by the Ruling Conservative Party at the general election next month. Thats more clarity on brexit. Data showing the uk economy narrowly avoided recession last quarter, strong Consumer Spending offset weakness in manufacturing and business sentiment, but worth noting year over year, Third Quarter growth slowed to 1 thats the weakest pace since early 2018 greggs posted strong sales, lifted the 2019 forecast, thanks to success of vegan food line. German gdp later this week, if the economy contracts again, puts the t country in technical recession lets get a news update from sue herera at hq good morning, everyone. Iran has begun enriching uranium in the latest breach with the west according to the u. N. Nuclear watchdog, in response to washingtons withdrawal from the accord and renewed sanctions on tehran they said they can quickly undo breaches if washington lifts sanctions. At least 12 protesters wounded in confrontations with Security Forces in baghdad most hit with tear gas cannisters, according to security and hospital officials. Four others were killed overnight in clashes. Turkey says a former British Army Officer that helped found White Helmets volunteer organization in syria was found dead in istanbul his body was found near his home by worshippers on the way to a mosque to pray an investigation has been launched into his death. Back at home, wintry weather blasting chicago early snowfall coating roads in and around the city, 5 to 9 inches forecast for some spots more than 500 flights have been cancelled in and out of the citys airports. Youre up to date. Thats the news update this hour morgan, send it back downtown to you. No do not let it snow yet it is that time of year it is sue herera, thank you. Up next, why apple card algorithm is under investigation for gender bias. Well explain after the break. The cnbc Trend Tracker brought to you by the cme group. Driverless cars, or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. Welcome back to squawk alley. Apple cofounder Steve Wozniak joining me with criticism of the new credit card, now under investigation as users report the lending algorithm discriminates against women and determining limits the wall street regulator will join us in a few minutes recode cofounder kara swisher is with us right now to talk about this kara, great to see you. Great to see you. All right the algorithm in question, lets breakdown what the issue is, why it is coming under investigation. Seems more heat on goldman than apple. Absolutely. This card is run by goldman. It is goldmans entry into the area, partnering with apple, trying to create this sort of fancy sheen for a card apple was trying to get into this business. Whats happening is a pr nightmare essentially with the algorithm. The bigger question, whats happening with the other credit card algorithms and around health care, real estate, around all kinds of results that could be discriminatory. It is an issue around awhile this puts it into sharp relief it speaks to the fact that yes, an algorithm involves computers and machines, still has to be a human being thats inputting the code. I dont know if it is unintended consequences, theyre programmed by people diversity in tech ranks are low. It is not the question that people try to, it is the way the algorithms are designed, theyre not as thought out as they should be. Everyone assumes the black box on the machine decides everything whatever you put incomes out co it there are so many good examples of bad outcomes here and they grow as time goes on should be extended out for lots of things, the thing that algorithms rule us as we get into quantum computing, we tend to rely on decisions that were created by people and harjly by white men it is this thing we have to think about, how these algorithms are in place and how much weight do they deserve as you rely on them more and more it is critically important to do that. You raise a key point, we rely on them more and more the flip side is how do you counter some of the consequences well, thats the problem. Thats a really interesting question the question is how do we apply algorithms, what inputs go in, how do you decide which to use and when and when do humans intervene. A lot of the transactions are so massive, same thing with search and all kinds of things, in some levels we could be making discrimination so built into the system, it is impossible to change it. Just like facial recognition, all kinds of a lot of the areas, we could come into a problem. We dont know what goes in the black box. Kara, i want your take on calling the murderer of Jamal Khashoggi a serious mistake. He called axios to express regret over the language, issued a statement reiterating as such, mistake in terms of the word mistake . Major misstep . How do you think about this . I wrote a column in New York Times this week about the saudis, talked about uber. They have a board member from the Public Investment fund in saudi arabia i think it is fifth largest investors, saudi arabia is a big investor in uber a long time i know that dara is a thoughtful person i think he misspoke, it was a gross misspeaking. He did take it back, but it gives you the idea in Silicon Valley which i was talking about in this column how easy it is to sort of take this ever dirtier money, not just the murder which is reprehensible, but the spying on twitter, all these instances of questioning where the money comes from, who it comes from. I think dara does not need this very bad pr disaster now, he is facing issues around the stock price, around whether he can make an economically viable business here. He has a lot of hard things hes dealing with, probably wasnt a very good idea to say it like this i give him credit for then immediately rolling it back. I know theyre dealing internally at uber with the idea of so much saudi influence with the company, thinking about removing that particular board member is being debated internally at uber wow all right. Also facing some path to profitability questions from you. Yeah. Add that to the list. Kara swisher, thanks for joining us. Flames at the conference, thanks to kara. When we come back, could jeff bezos be thenext owner in the nfl . Later, gender bias for apples new credit card. The regulator will join us on the other side of this break i called reputation defender. Vo take control of your online reputation. Get your free reputation report card at reputationdefender. Com. Find out your online reputation today and let the experts help you repair it. Woman they were able to restore my good name. Vo visit reputationdefender. Com or call 18778668555. About medicare and 65, ysupplemental insurance. Medicare is great, but it doesnt cover everything only about 80 of your part b medicare costs, which means you may have to pay for the rest. Thats where Medicare Supplement insurance comes in to help pay for some of what medicare doesnt. Learn how an aarp Medicare Supplement insurance plan, insured by United Healthcare Insurance Company might be the right choice for you. A free decision guide is a great place to start. Call today to request yours. So what makes an aarp Medicare Supplement plan unique . Well, these are the only Medicare Supplement plans endorsed by aarp and thats because they meet aarps high standards of quality and service. Youre also getting the great features that any Medicare Supplement plan provides. For example, with any Medicare Supplement plan you may choose any doctor or hospital that accepts medicare patients. You can even visit a specialist. With this type of plan, there are no networks or referrals needed. Also, a Medicare Supplement plan goes with you when you travel anywhere in the u. S. A free decision guide will provide a breakdown of aarp Medicare Supplement plans, and help you determine the plan that works best for your needs and budget. Call today to request yours. Lets recap. There are 3 key things you should keep in mind. One if youre turning 65, you may be eligible for medicare but it only covers about 80 of your Medicare Part b costs. A Medicare Supplement plan may help pay for some of the rest. Two this type of plan allows you to keep your doctor as long as he or she accepts medicare patients. And three these are the only Medicare Supplement plans endorsed by aarp. Learn more about why you should choose an aarp Medicare Supplement plan. Call today for a free guide. Welcome back to squawk alley. Coming back to apple, a probe into goldman, sachs and apple over their new credit card the one leading the inquiry, superintendent of new York Department of Financial Services, Linda Lacewell who joins us now thanks for being here. In terms of the investigation, what specifically are you investigating and why . Thank you, morgan it is a pleasure to be here today. There was a viral tweet this weekend in the past few days that generated a lot of traffic alleging that the new apple card was discriminating against women who were equally or more qualified than men to receive the benefits of the card and discrimination based on gender and Financial Services or any other protected class is illegally in new york, we said well take a look and thats what were going to do what would constitute Unlawful Discrimination or wrongdoing here, especially as you investigate an algorithm specifically yes great question algorithms dont get immunity from discrimination. It is the person that uses the algorithm, the company that uses the algorithm thats responsible to make sure it is not being used with discriminatory impact against protected classes. No such thing as the company didnt do it, the algorithm did. Developers, users, sellers of algorithms need to do appropriate testing to be sure that in application, irrespective of intent, these algorithms are used in a manner equal for all consumers, irrespective of race, gender, religion and other protected categories are you specifically investigating goldman, sachs here or goldman and apple . Well, were taking a look at the practice goldman is the bank that stands behind the apple card. We actually license goldman, dfs is regulator of Financial Services and products in new york we have a firm foundation. We asked the company to begin with explaining what the algorithm is, and we have been in touch with them theyre going to meet with us perhaps as early as tomorrow then well go deep into this one of the problems is it is a black box for consumers and regulators commerce a it is not unique to this card how common are allegations like this and investigations like this great point it is not confined obviously to this instance, this particular question as innovation sweeps through our industry, regulators need to take a look, make sure that new technologies and algorithms are not generating dispar at impact on consumers, whether intent is there or not, thats illegal they sent an inquiry to United Health group because optum according to a study in the Washington Post and the wall street journal had impact on black patients in hospitals, which is these types of issues and allegations, if these are true, it is very corrosive trusting government is a major issue now. It is the role of regulators to step up, even as washington unfortunately steps down, the states have to be there to make sure these kinds of discriminatory practices are not tolerated. You mention the black box problem. Why is there a problem, why there isnt Greater Transparency is it a state issue to add more transparency i think it behooves industry when they use technology and algorithms to make decisions about their provision of Financial Services and products to consumers to be transparent with the consumers your Credit Rating agency says why you were denied credit, it should be no different i think it is an opportunity working together with the Tech Industry and people thinking about this a long time to come up with a set of best practices because it is a black box apparently even to the Consumer Service representatives for the card who at least according to twitter traffic which was legion with many weighing in were not able to explain, kept blaming it on the algorithm theres no such person called the algorithm. The Company Needs to get transparent. All companies should be transparent about decisions theyre making that effect consumers because consumers is all of us. We are all consumers and were all effected by this kind of practice finally, do you have any thoughts as to whether, if we were to agree theoretically theres a lack of transparency, that it comes from the goldman or apple side . Yes i would think goldman and apple would pride themselves on being a leader here and we hope that they will do that, and they really have an opportunity to set the best standard for all industry and i hope that they will work with us to do that all right Linda Lacewell, thank you for joining us thank you. Tune in later to closing bell. Theyre speaking with david hanson who first flagged the alleged discrimination with the apple card. Still to come this morning, obviously it is veterans day. Important day to thank members of the u. S. Armed forces from afghanistan to Silicon Valley. The former Navy Technician finding jobs for veterans. One of the most Innovative Companies according to fast company. They join us on the new startup in a moment. When captain election law returned home serving as a bomb technician for the navy he wanted a job in Silicon Valley he couldnt get his job in the door hes helping veterans with his startup shift, a linkedin of sorts for veterans backed by structure capital and recently named one of 2019 innovative startups by fast Company Captain mike the founder and ceo joins us on veterans day welcome. Thanks so much, carl. First off, i would just like to wish a happy veterans day to all those who came before me, those still serving. As a veteran myself its always been a special holiday to me god bless all you out there right now. A special day for all of us, thank you for that, captain. Talk about the model we said linkedin for veterans, is that too simple i would say its a little different than that. We call ourselves a Career Change company for military veterans were also helping redefine the way that employers hire experienced nontraditional talent we facilitate a Fellowship Program that allows active duty members to leave base, travel to the city where they want to live and start working in a corporate environment with one of our partners during the last few months of service. Its a way to change your career after the military until today weve only been focused at the point of military transition from the point of active duty service to becoming a veteran. Talk more about this in a moment, mike really quick, breaking news here as were speaking is coming from boeing phil lebeau has more on that from chicago phil carl, an update on the 737 max that boeing has put up the company now expects that it will have faa certification by middecember thats not written in stone. Thats the latest expectation from boeing. Then theres going to be a 15 to 30day Comment Period on Pilot Training requirement, so depending on how long that takes, the company now expects that airlines will be able to begin training their pilots by middecember and thats when they say look, its going to be ready for commercial service, depending on how long a particular Airline Takes to train their staff to get the planes fully staffed and ready to go and put back into their schedule so boeing is saying it could be ready for commercial service by mid to late january, but lets be clear here, guys, when you talk with american, southwest and united all of them are saying were going to have to take our time getting this up in the air. We want it as quickly as possible and know that southwest and american have pulled it off the schedule until early march thats the latest from boeing. Yeah. Its quite a headline there. As youre talking were watching shares of boeing recoup their losses and turn positive thank you. You bet. We want to turn back to you now. Thanks for your patience in terms of shift, what was the impetus to create the company in the first place and why do you think up until this point there has been a miss mismash or lack of tools for veterans in general . I started the company after serving in the navy as a bomb disposal officer for five years and like everybody else who is leaving the service, theres 250,000 people who became new veterans every single year all you want to know is whats possible you want to know how your skills translate and you want to know some of the unique experiences you may have, which might be a value to a future employer if you can imagine being on base, separating from the military, walking into a big aircraft hangar and theres employers, well meaning folks around the table and theyre telling you what Company Culture is like and what culture is like you want to know for yourself you want to get inside for many this is the most anxietyridden, highstakes decision theyll ever make i think whether youre a veteran or not a veteran, theres many structural barriers that exist and if you want to live in new york city or you want to live in san francisco, but youre currently based in a rural part of america on a military installation, so for me i just saw incredible Untapped Potential and some of the people our nation has invested hundreds of thousands of dollars in to their training, creative problem solving and folks who have shown just incredible, incredible poise in some of the most high stakes situations. These are the problem solvers you want around your team. Yeah. The values instilled by military service, some of the skill sets, the education as well that i dont always thinks gets talked about often. In terms of placement for the veterans that work through your company are there certain sectors or industries or jobs they tend to gravitate towards or match up with the most . Right now, weve started by primarily focussing on technology and Media Companies but we do think that almost every company is starting to reinvent itself as a technology company. Weve started with Technology Companies primarily because theres these evergreen roles in the workforce that every company has big chunks of their work force filling like customer success, inside sales, project management and program management, and for a lot of Technology Companies and companies who are reinventing themselves as such, you didnt necessarily have to go to college to be really good at one of these jobs. You have to have worldclass communication skills and to be able to work well with others. We think the military is actually probably the most Diverse Workforce on the planet because its comprised of people from every single city and state in america and they learn how to work really well together and solve problems i wonder how you would characterize corporate americas ability to change and be more accepting. There was a time 25 years ago where people coming out of active service were considered too rigid perhaps, or werent going to be a good fit coming out of a yes, sir, no, sir atmosphere yeah. One of the reasons why we are optimistic is because getting some time in a Fellowship Program or just considering military veterans can also can often bridge the gap one of the things we tell our Partner Companies is if theyre facing hard problems and theyre looking around the table and everybody around the table has the same exact experience, youre probably going to run up against the same answers and the same outcomes. When you at least consider veterans, were not asking anybody to lower their bar when you start considering veterans you start to higher more of them a veteran hiring initiative can sound like a scary thing but it can actually just start with one perfect hire the first thing a veteran wants to do when they land in an organization that really values their skill sets is extend their hand and turn around and pull other veterans into their organization as well it can startsmall and lead to change in a short period of time thats a good message to end on on this veterans day. Captain mike slagh, please come back thank you very much, carl i would be remiss to not mention that were launching shift pathways today and new initiative that lowers the cost of Tech Education for military veterans thank you very much meantime the next person to join the nfls ownership ranks could be jeff bezos. Cbs reports the founder and ceo is interested in purchasing an nfl team and has support among the current owners the seahawks and the broncos being floated as possible destinations although washington may be the favorite. Bezos owns the Washington Post, in the process of moving to d. C. And has ties to dan snyder as the ranks of billionaires being owners would continue if this were to happen. He certainly has he certainly has the money to make an investment like this. Its going to be one to watch for sure speaking of jeff bezos, his other company blue origin sat down exclusively with the ceo of blue origin bob smith. We will be airing that tomorrow when i am live from rocket city usa, huntsville, alabama i will be reporting all day from there talking about the resurgence of space and the influx of defense dollars as we head into this new commercial space era and the ripple effects all of that has had on the region the numbers speak for themselves, carl population growth, job growth, wage growth, have all from 2000 to 2017 doubled, the u. S. , be the national rate, and it is about the labor force, education, and it is about those government ties and were going to talk about that and all the ins and outs tomorrow. Im looking at a big fanatic report out of bank of america today. Ten things for the next ten years, one is space, the next frontier industry could be worth by 1 trillion losers, legacy satellites, as we turn to nano satellites, that is a thing . Thats a thing. Its one of the things that well be touching on i think tomorrow is sort of this new boom of satellite constellations the smaller satellites speaking of, spacex, which does not actually have a presence in huntsville but did a launch, the second launch of their starlink satellites earlier today this is something well be talking about today. Aerospace related, boeing up 2 as it says now they expect the max to return to commercial service in january a company put out a statement a few moments ago. So busy veterans day continuesp to the judge and the half. All right carl, thanks front and center this hour your money in the next seven weeks. Optimism growing over a yearend rally. Time to increase exposure to stocks or pair back your risk . Its 12 noon, this is the halftime report. Whats hot and whats not stocks that investors are piling into right now and where opportunities are hiding in this recordbreaking market Cisco Systems getting downgraded ahead of earnings this week. Well debate what it may be signalling in our call of the day. Alibaba shattering records on singles day. The stock up more than 30 thi

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