Alphabet Announces Layoffs, Netflix Surges on Q4 Subscriber Adds & President Biden’s Tech Scorecard 1/20/23

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 20 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show with Big Technology newsletter author Alex Kantrowitz discussing Alphabet laying off 12,000 employees. Then, we break down Netflix’s Q4 earnings with our Julia Boorstin and Bank of America Managing Director Jessica Reif Ehrlich. Next, CNBC’s Kayla Tausche looks at tech regulations as we mark the halfway point of President Biden’s first term, and New Street Advisors Group Founder and CEO Delano Saporu shares his outlook for the broader economy. CNBC’s Dom Chu also delivers breaking news on Goldman Sachs’ consumer business facing a Federal Reserve investigation, and CNBC’s Steve Kovach reports on Apple’s plans to move chip production in-house. Later, CNBC’s Seema Mody breaks down the bullishness for dual-listed stocks as China reopens, with analysis from KraneShares CIO Brendan Ahern.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Julia Borstin and you're listening to see NBC's Tech check our show is live weekdays at 11 a.m. Eastern listen in
0:08.8	happy Friday welcome to Tech check I'm John Fort with Kalkinilla and Deja Bosa.
0:13.5	Giant hour of Tech Check ahead.
0:15.5	Alphabet joins Microsoft, Amazon, and Meta with a huge round of job cuts.
0:20.9	Google's parent announcing it will slash 12,000 jobs and then is Netflix a goodbye or a goodbye?
0:29.5	CEO Reed Hastings departs?
0:31.3	Well, sort of.
0:32.3	The CEO seat still executive chairman after a blowout
0:34.9	quarter for subs growth and later is there a supplier's surprise coming why you
0:39.8	might want to get bearish on Apple exposed names in your portfolio or you might not.
0:45.0	Plus, call it the year of the bull ahead of the lunar new year.
0:48.8	Optimism on Wall Street for China stocks in 2023.
0:52.4	Carl. John stocks modestly. Street for China stocks in 2023.
0:52.5	Carl.
0:54.0	John stocks modestly hire to close out the week here,
0:56.4	the Nasdaq the big outperformer on Netflix
0:58.8	jumping on the back of those strong results.
1:00.9	Right now, dowes up some 50 points. Interesting day today got the Vix
1:04.1	back below 20. We're on pace to break a two-week wind streak with the major
1:08.1	averages all lower led by the Dow which is off by 3.5 percent. D options expiration today, so we're going to watch that and see what volume does this afternoon.
1:17.0	Yep, and the NASDAQ up about 1 percent, but let's kick it off with Alphabet, one of the last holdouts in the growing list of tech companies, announcing layoffs.
1:24.2	It feels like whenever a company announces, we say, what about Alphabet?
	...

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.