Awaiting Robinhood’s Market Debut, Earnings Exclusives with Comcast CEO and Qualcomm CEO & Nikola Founder Charged with Fraud

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 29 July 2021

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors are joined by CNBC’s Leslie Picker live from the Nasdaq to chat about Robinhood as we await the first trade today. Then, Comcast Chairman and CEO Brian Roberts joins in an exclusive interview to discuss the company’s growth and most recent earnings report. Next, CNBC’s Julia Boorstin covers Mark Zuckerberg’s vision for Facebook after the company reported an earnings beat yesterday. Plus, Qualcomm CEO Cristiano Amon joins in a second earnings exclusive to discuss the company’s latest quarter. We also have CNBC’s Phil LeBeau with the story on Nikola Founder and Former CEO Trevor Milton facing fraud charges. And don’t miss Early Robinhood Investor Jason Calacanis, and later, Robinhood Board Member Scott Sandell share their thoughts on the highly anticipated IPO today.

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 11 a.m. Eastern, listen in.
0:07.5	Good Thursday morning and welcome to Tech Check. I'm Deirdrebozo with Carl Kentia, John Ford, and Julia Borsden.
0:13.3	This hour, Robin Hood goes public. We are live at the NASDAQ with every angle on that IPO.
0:19.5	Latest indications there, $39.25, priced at $38.
0:23.5	Early investor Jason Calacanus weighs in.
0:26.5	And Robin Hood board member, Scott Sandel, joins us as well.
0:30.3	Plus, two huge earnings exclusives here on Tech Check.
0:34.4	Comcast chairman and CEO, Brian Roberts is here,
0:37.1	as is Qualcomm CEO,
0:38.6	Cristiano Amon.
0:40.0	We will also talk some Nikola with the DOJ
0:42.4	preparing fraud charges against former CEO Trevor Milton.
0:46.0	We got Facebook, D-D-D Amazon,
0:49.0	in what is an absolutely packed hour, John.
0:52.1	I don't know how we are gonna get it through it all.
0:53.8	It'll be fast, it'll be quick, but there will be a lot to get through. Yes, we will get it all done. Robin Hood, though, is where we will start. Leslie Picker is at the NASDAQ with the latest there. Leslie? Hey, John, we're starting to get some indications coming in, still 39 and a quarter at this point in time.
1:12.6	That implies about a 3% gain from where the company priced its shares last night at $38 a piece.
1:19.4	It's something that we will be watching closely today because as the indications have been coming in,
1:23.8	they have trended down where the first one came in around $42, a little after 10 o'clock in
1:28.7	the morning. Since then, we have seen them tick down. That said, it's still early days. Basically,
1:33.9	this process involves pairing shares. You have to get a certain number of shares paired before
1:38.1	you can start to begin trading, to open that stock for trading. And so that's what we're keeping
	...

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