Analyzing Earnings from Square and Coinbase, VMware CEO Raghu Raghuram on Q4 Results & Russia Partially Limits Facebook

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 25 February 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show looking at the ongoing swing in tech stocks with CNBC’s Dom Chu, and Bespoke Investment Group Co-Founder Paul Hickey offers more context on the current market volatility. Then, our Julia Boorstin covers misinformation on social media surrounding Russia’s invasion of Ukraine, and Mizuho Managing Director Dan Dolev weighs in on the latest earnings from fintech platforms Block and Coinbase. Next, CNBC’s Steve Sedgwick reports on the newest developments in Eastern Europe, and VMWare CEO Raghu Raghuram joins exclusively to discuss the cloud-computing firm’s Q4 results. CNBC’s Kate Rooney also expands on the emergence of crypto as a viable currency alternative amid the ongoing crisis in Ukraine. Later, our Julia Boorstin returns with breaking news on Russia partially limiting access to Facebook in response to restrictions on the country’s media, and CNBC’s Robert Frank breaks down reports of an SEC investigation into Tesla CEO Elon Musk and his brother over alleged insider trading. 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 Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11am Eastern. Listen in.
0:14.2	Good Friday morning. Welcome to Tech Check. I'm Carl Kingtonia with John Ford, Deirdreboza, and Julia Borsden.
0:19.2	Today, the rebound continues. Dows up almost
0:21.7	450 and the S&P is on the cusp of going green for the week after Russia signals it is possibly
0:27.4	willing to speak with Ukrainian officials. Our first guest, this hour will break down how to maneuver
0:31.9	your portfolio amid some of these moves. Then we check in on some of the biggest names in crypto,
0:37.0	block, Coinbase, moving in some
0:38.7	opposite directions. Block formerly square, up 20% right now. And later, look up to the clouds. The CEO
0:44.8	VMware is going to join us to break down the latest earnings and supply chain issues amid this
0:49.4	Ukrainian crisis, John. Yep, but Carl, we are going to start with a big swing for tech stocks
0:53.6	yesterday. And how it's being played today, Dom Chu has that for us. Dom. crisis, John. Yep, but Carl, we're going to start with a big swing for tech stocks yesterday,
0:59.4	and how it's being played today. Dom Chu has that for us. Dom. It's a bit of a breather, and maybe understandably so, John. It was 24 hours ago that we were sitting here together talking
1:03.7	about the initial signs of some of the bounce that we were seeing and some of the most
1:07.4	beaten up names within the NASDAQ specifically.
1:18.6	And amongst that trade, we highlighted, first of all, the macro trade with regard to the Invesco QQQ, the Qs that track the NASDAQ 100.
1:29.0	On that kind of one 24-hour day, you know, 24-hour basis and then a 48-hour basis, we saw that bottoming out happening with a nearly 3.5% decline at one point during the lows, only to close up by nearly 3.5% at the highs of the session so far into the close yesterday.
1:34.6	That ramp up really gained steam in the latter part of the day, but still, we started to see those
1:39.0	signs in the late morning on this particular show. Now, with regard to the components that were
1:44.0	leading the way,
1:45.0	the mega cap names for obvious reasons for market cap weighted indices do a lot of the heavy lifting
1:50.2	when it comes to some of those moves. To that end, we looked at names like Microsoft and Google
1:54.9	parent company Alphabet and Amazon as well. We talked about this kind of 48-hour trade,
	...

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