I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Good Wednesday morning. Welcome to Tech Check. I'm Carl Kintania with Deirdreboza and John Fort.

Today, Apple's potential demand, what that company is reportedly telling suppliers, although there's some pushback on the street today, plus what

the Bank of England's doing to calm this market. More tech companies slamming the brakes on hiring.

This time it's Lyft and DocuSign. And finally an upgrade for Netflix. Plus an in-depth look at the

state of cord cutting and what that means for how you play the streamers. But we're going to begin with some comments made by Stanley Druckenmiller last hour at delivering

Alpha. Take a listen to this.

Our central case is a hard landing by the end of 23, but I don't know.

I've been wrong on a lot of things. I could be wrong on this, but since I do it for living, that's our forecast, which is a recession in 23. Joining us this morning here at the NYSC Plexo Capital Founding Managing Partner, CNBC contributor, Lowe Tony, is with us. It's great to have you, Lowe. Thanks for having me. As we have delivering Alpha today, talking a lot of macro, and Drucker Miller's been negative for a long time.

That's right. Sticking with his guns in terms of a hard landing in 23 and really chastising both the

Fed for their mistakes and the BOE for what he believes is a mistake now. Yeah, you know, I think

when we look back, what we saw was that the inability for the Fed and Chairman Powell to really acknowledge the fact

that inflation was a concern, and many had been beating that horn. I think it was further fueled

and exacerbated by a lot of the macro events that we've seen, supply chain issues. Now, now that

Chairman Powell has addressed it, he is going all out Volker.

So we know that one of the things that Volker had to do was to beat inflation back because

what he was handed when he took over, everyone thought that the job had been done, but it

hadn't and it reared its head again.

And he made sure, Volker made sure, and we're seeing Powell do the same thing. And so I think all of the folks that thought there was going to be a pivot, there's not going to be a pivot. The Fed is going to continue to raise rates, and they're going to make sure that they're going to tame inflation, even at the cost of jobs and what it will do to the economy. So you don't think we could get some negative month-on-month-on-month CPIs.

We can have home prices go negative on K. Schiller.

We could have job losses start to move at scale, and you think the Fed will be resolute?

I think they will.

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