AMC Rally Ramps Up, Fidelity Global Macro Director Jurrien Timmer on Crypto & an Exclusive with Hewlett Packard Enterprise CEO

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 2 June 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Pacaso Co-Founder & Chairman Spencer Rascoff joins our anchors this Wednesday morning to discuss the AMC rally boosted by the company’s Investor Connect announcement. Then, Fidelity Global Macro Director Jurrien Timmer shares his thoughts on the crypto market. Later, Hewlett Packard Enterprise CEO Antonio Neri joins us in an exclusive interview post-earnings. Plus, CNBC’s Julia Boorstin has the details on Facebook’s F8 developer conference kicking off today. We also cover stay-at-home names like Zoom post-earnings and Etsy following a recent deal to acquire Depop for $1.6 billion. And don’t miss the details on Lyft’s next generation e-bikes.

Transcript

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0:00.0	I'm John Fort.
0:00.8	You're listening to CNVC's Tech Check.
0:02.9	Our show is live weekdays at 11 a.m. Eastern.
0:05.9	Listen in. Good Wednesday morning and welcome to Tech Check.
0:29.4	I'm Deer Drabozo with Carla Kintania and John Ford ahead this hour, direct messaging,
0:34.3	how the likes of Adam Aaron and Elon Musk are embracing the retail investor,
0:39.8	plus an earnings exclusive with HPE.
0:42.7	CEO Antonio Neri joins us at the bottom of the hour and later what to expect from F8.
0:49.0	A stakes for Facebook's developer conference, John.
0:53.1	Well, the tech stocks moving at this hour.
0:55.2	Zoom shares slightly lower after a strong quarter and warnings of slowing growth.
0:59.8	Etsy up about 2% on a big acquisition for Generation Z and Lyft stock,
1:05.4	pedaling to keep up, introducing a new e-bike and a direct challenge to Uber.
1:09.4	More on all of those stories coming up, too, Carl.
1:13.5	John, we're going to start this morning with what we're calling fan-based capitalism, AMC, CEO Adam Aaron,
1:20.1	leaning in further to the Reddit trade, launching a portal to reward its 3 million-plus
1:24.7	retail investors with special offers like, yes, free popcorn.
1:29.0	It's worth noting that crowd owns roughly 80% of the world's biggest movie theater chain at the
1:34.2	moment. AMC shares are surging again today up almost 26%. That's an all-time high.
1:40.0	Reminiscent guys of both Coinbase and Elon Musk on Twitter engaging with their fans, I guess we'll call them now.
1:46.5	The journal says that those tweets have drawn the attention of the SEC again, which argues that Tesla is not properly vetting the CEO's communication.
1:55.3	As for AMC, John, I guess when retail really makes up the largest constituency of your stock, you have to adapt.
	...

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