Apple vs. Epic Closing Arguments, Latest on the Chip Shortage & CNBC’s First NFT

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 24 May 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fundstrat Global Advisors’ Tom Lee joins us this Monday morning to talk about his latest research note and share his thoughts on the tech sector and crypto market. Then, New York Times Contributor and Pivot Co-Host Kara Swisher is back to help break down the Apple vs. Epic Trial with closing arguments going on today. CNBC’s Ylan Mui live from Micron’s manufacturing plant in Virginia has the story on the latest efforts to fix the semiconductor shortage. Later, CNBC’s Julia Boorstin previews CNBC’s annual Disruptor 50 List set to release tomorrow. Then, the auction is underway for CNBC’s first NFT benefitting Autism Speaks and the Council for Economic Education. And later, Bernstein Senior Research Analyst Toni Sacconaghi joins us to chat about Apple vs. Epic’s impact on Apple’s stock.

Transcript

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0:00.0	I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:06.9	Good Monday morning. Welcome to Tech Check. I'm Deirdrebozo with Carl Kintania and John Fort.
0:11.8	Today, mixed messages on crypto. A rebound this morning follows a big drop over the weekend as volatility ramps up.
0:18.3	Who is really calling the shots here? Then closing arguments in the Apple
0:21.8	Epic trial, we break down what a loss would mean for each side and when to expect a verdict.
0:26.9	That's up next. Later, a preview of our annual disruptor 50 list. That is out tomorrow.
0:33.0	Who is this year's Airbnb or DoorDash? We discussed at the bottom of the hour, John.
0:38.3	Yeah, and there are a lot of movers to mention this morning.
0:40.5	HPQ, that's HP Inc.
0:42.4	The one that makes PC is getting upgraded, discovery downgraded, initiations on Tesla and Coinbase.
0:47.4	We're going to break down all of those throughout the hour.
0:50.0	Reasons why Sun might be worth buying or not, Carl.
0:54.0	In the meantime, John, we're going to start with Bitcoin surging today after that weekend
0:58.1	selloff, and the market seems to be looking for a narrative we can all agree on.
1:02.6	Mark Cuban did call it the Great Unwind, basically arguing that crypto investors are over-leveraged
1:07.6	and overextended, but of course Cuban has also been promoting Doge.
1:11.7	Elon Musk, critical of Bitcoin, but tweets, the true battle is between Fiat and crypto. And on
1:17.4	balance, I support the latter. Of course, on balance, there's a debate about how correlated
1:22.4	the market is to Bitcoin now. Tech sector's up more than 1% today, well off the lows
1:27.1	from a couple of weeks ago.
1:28.8	Listen to Ray Dalio, now comparing crypto and fixed income.
1:33.8	The more we create savings in it, the more you might say, I'd rather have Bitcoin than the bond.
	...

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