Analyzing the Latest Russia-Ukraine Developments, Cyber Threats to U.S. Businesses Amid the Crisis & Outlining the Foreign Policy Implications of Russia’s Invasion

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 24 February 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors start today’s show with CNBC’s Kayla Tausche reporting on the global response to Russia invading Ukraine overnight. Next, CNBC’s Dom Chu covers market volatility amid the ongoing crisis, and Retired Brigadier General and Former Assistant Secretary of State Mark Kimmitt discusses what to expect in Eastern Europe in the days ahead. Then, Wells Fargo Chairman of Global Internet Investment Banking Bob Peck weighs in on the financial implications of Russia’s invasion, and CNBC’s Eamon Javers covers new warnings on cyber threats to American businesses. Atlantic Council President and CEO Fred Kempe also breaks down the foreign policy implications of the conflict, and our Julia Boorstin expands on some of the morning’s top market movers. Later, CNBC’s Leslie Picker explains how the current geopolitical tensions might affect hedge funds, and Wilmington Trust Head of Investment Strategy Meghan Shue offers insight on the impact the conflict could have in the short- and long-terms. 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 Jrabosa, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:12.2	Welcome to Tech Check. I'm Carl Kintania with John Ford and Dear Drabosa.
0:17.8	Today, Russia invades Ukraine overnight, and six F-35s have now been deployed
0:22.7	from Germany to NATO's eastern flank. Stocks, as you know, sharply lower today, although we have
0:28.1	seen some swings in the session. Nasdaq trimming its losses now just to about 60 points or so.
0:33.6	We're watching all of that as has implications for global markets, commodities, and certainly what the Fed may do next month.
0:40.0	Our Kayla Taoshi is back with us on the latest from Europe and what we might expect to hear from the president around 1230 today.
0:46.3	Kayla.
0:47.0	Well, Carl, President Biden has been monitoring the situation developing in Ukraine around the clock today, meeting in this situation room with his national security team.
0:55.0	Yet again, as Russian troops led an invasion from three of Ukraine's borders and from the air,
1:00.0	there are several meetings that have followed throughout the day today, a meeting with G7 leaders virtually as they're trying to calibrate their next steps on sanctions.
1:10.0	That just wrapped, and a NATO
1:12.3	summit of leaders is expected to take place later today, as is a meeting of the European
1:17.6	Council. President Biden, as you mentioned, is going to be speaking next hour, expecting to roll
1:23.4	out the next wave of sanctions, the next response from the U.S. and Western allies to that invasion,
1:29.9	which was viewed by them as the worst case scenario, the scenario that they were trying to deter
1:35.6	for the last weeks and months. So what sanctions could we expect the administration to announce?
1:41.3	Well, what we know so far, both from what the administration has said
1:44.7	publicly and from sources we've been speaking to who have been briefed on these sanctions,
1:49.0	is that we do expect them to target these high-tech exports to Moscow, essentially cutting off
1:55.3	Russia's ability to acquire semiconductors, artificial intelligence, or other types of technology for aerospace and defense
	...

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