Bank of America’s 14 Moonshot Ideas, NYT Reporter on Delivery Apps Serving “Food and Misery” & Remitly CEO on Public Debut

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 23 September 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors kick off the show with four trendy names this morning: Apple, Facebook, Microsoft and Roku. Then, Bank of America’s Head of Global Thematic Investing Research Haim Israel joins on 14 moonshot ideas to watch to catch the next Apple or Amazon on its way up. We also have New York Times Tech Reporter Shira Ovide on her latest article where she says apps like Uber, DoorDash and Grubhub “deliver food and misery.” Plus, CNBC’s Yasmin Khorram joins with the details on Elizabeth Holmes’ text messages obtained by CNBC where Holmes calls herself the “best business person of the year.” We also check in on yesterday’s IPOs Toast and Freshworks to see how they closed their first day of trading. And later, Remitly CEO Matt Oppenheimer joins live from the Nasdaq on the fintech company’s public debut.

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.
0:07.8	Good Thursday morning. Welcome to Tech Check. I'm Carl Kintania with John Ford and Julia Borson.
0:12.8	Today, Tim Cook hates leaked memos, according to a leaked memo, plus more on the long wait times we're seen for the new iPhone.
0:20.0	Later, Facebook Fallout, the company's CTO departs, and we get some clarity on the long wait times we're seeing for the new iPhone. Later, Facebook Fallout, the company's
0:22.5	CTO departs and we get some clarity on their content and then watch Roku. That stock upgraded
0:27.9	to a buy this morning at Guggenheim. We'll tell you why in a second. Yes, and we will start
0:32.8	with Apple and it's Epic battle. Apple Bend, Epic from the App Store back in August 2020 when Epic
0:39.8	allowed users to pay it directly violating App Store guidelines. Some thought the Fortnite
0:44.5	makers returned to the App Store was imminent though. Epic agreeing to play by Apple's rules
0:49.0	following the lawsuit, but Apple apparently says Epic's out until court appeals are complete. In a tweet storm yesterday, Epic CEO Tim Sweeney said Apple lied and called the decision another
0:59.0	extraordinary anti-competitive move saying the appeal process could take five years.
1:05.0	Well, plus Apple CEO Tim Cook is upset with internal memos leaving the building, saying people who leak
1:11.1	confidential information do not belong here. And yes, we know through a leaked memo, as Carl mentioned.
1:17.8	And then, perhaps most important to the stock, there's iPhone 13 demand lead times about a week
1:23.8	longer than last year. In China, ship dates for the 13 Pro and Pro Max are currently
1:30.8	at 32 days.
1:32.9	So a question here is this a sign of increased demand or supply constraints?
1:38.4	Julia, to me, it's notable that the lead time is longer, suggesting that either the supply is tighter or the demand is stronger, at the very highest end, the most expensive phones.
1:50.5	Often Apple allocates a decent amount of supply to the high end at launch because you get more margin there, you get more revenue there.
1:58.5	So this looks to me like there might be some demand strength,
2:03.1	certainly accounting for this.
2:06.0	Yes, look, John, it could be both. It could be both supply and demand that are causing those
	...

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