Adobe CEO Shantanu Narayen on Figma Acquisition, Previewing Netflix’s Q3 Earnings & Apple Unveils New iPad 10/18/22

TechCheck

CNBC

Business, Technology, Management, Disruptors, Investing, Tech, Cnbc, Faang

4.5 • 66 Ratings

🗓️ 18 October 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with Adobe CEO Shantanu Narayen offering his outlook for the broader macro environment and the company’s plans to acquire design platform Figma. Then, Bank of America analyst Nat Schindler looks ahead to Netflix’s earnings after the bell, and Arjuna Capital Managing Partner Natasha Lamb shares her top picks across big tech. Next, Needham analyst Charles Shi joins with his growth projections for chipmaker TSMC, and CNBC’s Steve Kovach covers Apple unveiling a slate of new products. Later, CNBC’s Eamon Javers shares new reporting on one of the largest alleged crypto laundering schemes of all time. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Dear Joe Broza and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:09.5	Good Tuesday morning. Welcome to Tech Check. I'm Carl Kintanao with DeRibosa and John Fort.
0:13.6	Today, an activist in Salesforce shares are surging after Starboard reveals this stake and pushes for better margins.
0:20.7	Then new products from Adobe, that Figma deal and that exclusive with the CEO.
0:24.6	John is in LA for that today.
0:26.7	Later on, a bull-bear debate ahead of Netflix tonight.
0:30.6	Some big stocks that used to be untouchable, including Apple and Amazon, now showing a couple of cracks,
0:35.9	Dee.
0:37.1	And Carl, we have another rally on our hands.
0:39.2	The WCLD Cloud ETF, that's up 10% in just two days.
0:43.8	Salesforce, meanwhile, take a look popping on the news that activist investor,
0:47.2	Starboard has taken a new stake in the company.
0:49.3	No word on the exact value.
0:50.5	But this chart we're going to show you guys.
0:52.5	It really says it all.
0:53.7	Shares here have
0:54.9	underperformed the broader market, the tech sector, and its peers over the last few years,
1:00.6	which Starboard argues is due to a, quote, subpar mix of growth and profitability. Now, the
1:05.6	firm also points out that the company has not generated meaningful operating leverage
1:09.6	relative to its peers these years. So
1:11.9	CRM is that blue line at the bottom on the chart you're looking at. But what Jeff Smith is saying
	...

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