Axiom Space Launches First Commercial Flight to the ISS, CrowdStrike CEO George Kurtz on Cybersecurity & NetApp CEO George Kurian on Tech Consolidation 4/8/22
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 8 April 2022
⏱️ 44 minutes
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| 0:00.0 | I'm John Fort. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. |
| 0:25.6 | Happy Friday. Welcome to Tech Check. I'm John Fort with Dio Jrabosa. Today, the tech fakeout, as the NASDAQ threatens to snap a three-week win streak. |
| 0:30.6 | We're breaking down the key winners and losers where things could go from here. |
| 0:34.6 | Plus, call it billionaire flair from Elon Musk's cyber rodeo to Peter |
| 0:38.9 | Teal's Bitcoin Burn Book. And finally, bears in the hood. Goldman Sachs saying sell Robin Hood this |
| 0:45.4 | morning. We will tell you why this hour. Dee? And speaking of Elon Musk, John, we are just minutes |
| 0:52.4 | away from an historic SpaceX launch |
| 0:54.5 | Musk's private rocket company. |
| 0:56.6 | SpaceX is scheduled to launch a crew of four to the International Space Station from Florida. |
| 1:01.2 | But here's what's new. |
| 1:02.4 | All four are civilians flying with a commercial aerospace company called Axiom Space. |
| 1:07.1 | This flight will mark the first time a completely private crew has visited the ISS. |
| 1:12.9 | Takeoff is at 1117 Eastern Sharp. Stay right here for that. We'll have Morgan Brennan join us. |
| 1:18.3 | We're going to start, though, with stocks. It has been a volatile week for tech with the NASDAQ down |
| 1:23.3 | almost 4% since Monday. Now on pace to break a three-week wind streak, seeing a nearly 1% decline at the moment, make that half a percent right now. We're covering a few of those losses. Christina Parts and Evelace joins us now to break down the action. K-Parts? Hello. So we can blame the Fed rates, multiple compression, recession talk, or just the failure to price it all in. But we've got some swings today and this week. |
| 1:45.3 | After two days of over 2% declines, the NASDAG staged a little bit of a comeback yesterday, |
| 1:49.7 | just barely crossing over into the green. O'Reilly Automotive, though, saw the biggest swing |
| 1:55.4 | week to date up over 8%. There's no particular catalyst, but the stock trades about 22 times |
| 2:00.2 | forward earnings and pays no dividend. You got Constellation Energy, Astrozenica, Ross stores, all big winners this |
| 2:06.5 | week, up more than 5%. Costco, though, had the biggest impact point-wise on the NASDAQ 100 after posting |
| 2:12.5 | some strong March sales. And then Datadog in the doghouse, followed by chipmaker Invidinvica and EV |
| 2:18.0 | Maker Lucid Motors. The catalyst is mostly macro, higher long-term interest rates are headwinds |
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