All the Angles on Apple, Former Amazon Studios Head of Strategy on the Media Landscape & Exclusive Interview with Klarna CEO

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 14 July 2021

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors open today’s show with the latest on Apple. The tech giant’s stock pushing higher as it earns four bullish analyst notes and begins testing a buy now, pay later option for Apple Pay. Then, NorthmanTrader Founder Sven Henrich joins to discuss the tech sector as the Nasdaq reaches record highs. We also have Former Amazon Studios Head of Strategy Matthew Ball to share his thoughts on the streaming wars and the future of the media landscape. Later, we have an exclusive interview with Klarna CEO Sebastian Siemiatkowski to discuss competition with Apple over the buy now, pay later service. Plus, don’t miss the details on Cathie Wood’s valuation reset of Chinese tech stocks amid increased scrutiny in China. Also, CNBC’s Julia Boorstin is here to break down the latest battle between Facebook and the FTC. And later, we hear from Medtronic CEO Geoffrey Martha on advancements in healthcare tech.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm John Fort. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern.
0:05.9	Listen in. Good Wednesday morning. Welcome to Tech Check. I'm Carl Kingtonia with John Ford and Dear Drubosa.
0:11.3	Wall Street is bullish on Apple as the stock hits another all-time high today.
0:16.1	Plus, Kathy Wood bails on Chinese tech and warns of a major mega-cap slowdown.
0:21.6	Later on, Facebook now joining in with Amazon asking the FTC Chair Lena Khan to step away from its own antitrust investigation, Dee.
0:30.9	And meantime, Carl Tech is now firmly leading this rally.
0:34.2	It was the only sector in the green yesterday and setting a new all-time high
0:38.8	again this morning. Semis boosting that action led by the likes of Skyworks and Qualcomm, and we've
0:44.5	got some news out of Microsoft. More on that in a moment, John. Yeah, Dee, we're going to start
0:49.2	with some affirmation for Apple. Four bullish notes out this morning on Wall Street. City ups its price target
0:55.5	reiterates its buy rating. UBS and Credit Suisse do the same. While JPMorgan adds the stock to its
1:01.1	focus list takes it up to 175. Apple reportedly asking suppliers to build as many as 90 million
1:08.7	next generation iPhones, which would be a 20% increase from the
1:11.8	levels we saw in 2020. All this coming ahead of earnings. And following the report that Apple and
1:16.7	Goldman Sachs are testing a buy now pay later service feature on Apple Pay. And that could rival
1:23.2	the likes of a firm, which cratered on that news yesterday. That stock is now up fractionally after
1:28.8	falling more than 10% yesterday. In the meantime, the Apple upswing continues up another 2% today,
1:36.4	touching another all-time high guys. It's two and a half, as you can see. So is it time for you
1:42.2	to get bullish on Apple? We've got the angles
1:44.6	covered for you this hour, the stock price and suppliers, the content with former Amazon
1:49.2	Studios head, Matthew Ball, and exclusive with the CEO of Medtronic on medical tech, where Apple
1:54.4	plays with the Apple Watch, and the CEO of Klarna, a $46 billion competitor in the buy-and-out
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.