Bessemer Venture Partners’ Byron Deeter Gives His Take on Tech, Showdown of the $2 Trillion Companies & Crypto Crackdown Hits Binance

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 28 June 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bessemer Venture Partners’ Byron Deeter is here this Monday morning to share his take on investing in tech and software as the major averages are at record levels. Then, New York Times Contributor and “Sway” Podcast Host Kara Swisher joins our anchors to discuss the tech war between $2 trillion companies Apple and Microsoft. CNBC’s Meg Tirrell also has the story on shares of biotech company Intellia surging after a breakthrough in gene-editing technology. Later, Castle Island Ventures Partner and Coin Metrics Co-Founder Nic Carter joins our anchors to discuss the crypto crackdown as crypto exchange Binance faces a ban in the U.K. Then, CNBC’s Julia Boorstin has all the details on the box office making a comeback this past weekend. Plus, we have the story on Tesla recalling 285,000 cars in China due to issues with the vehicles’ cruise control system. And don’t miss CNBC’s Sal Rodriguez speak about his CNBC.com piece highlighting how much control Bytedance actually has over its app TikTok.

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. Good Monday morning. Welcome to Tech Check. I'm Carl Kintania with John Ford and Dear Grubosa, who is back at one market in San Francisco. Coming up this hour, a lot more on the all-time highs for the S&P as we come off the best week since February. Tech stock, software, setting some new records today.
0:22.2	We've got that action. Plus, Bitcoin rallying from its lows, but a major crypto exchange gets
0:27.6	the boot in the UK. And what some are calling the tech war of a new era, but should the players
0:33.6	be recast, John? Yeah, a few movers of the morning, Nvidia's arm ambitions, getting a leg up from a few chip companies,
0:40.3	Tesla steering around a big China recall and one of Kathy Wood's gene editing bets.
0:44.3	Seeing a huge breakthrough, we'll have more on those stocks throughout the hour.
0:49.3	But first, guys, tech checks debut from One Market.
0:53.3	We are back live from our bureau for the first time since the lockdowns began.
0:57.0	Last March, San Francisco is fully reopened.
1:00.0	Capacity limits, physical distancing, mask mandates, those are lifted, and we are back.
1:05.0	Since I last reported from here, the NASDAQ soaring over 80%. It's up 1% today.
1:11.6	Some of the most iconic Bay Area companies.
1:13.6	The reason we put a show here have led markets higher.
1:16.6	Salesforce is up more than 65% since last March.
1:19.6	Jack Dorsey's companies saw huge growth.
1:22.6	Twitter more than doubling, square, quadrupling.
1:25.6	The big mega caps guys, Apple, Facebook, Google, they have become bigger and more dominant
1:30.8	than ever though.
1:32.6	John, it's been a bit of a stumble this year, not quite as much conviction from the tech
1:36.7	names, but June has been a good month.
1:38.5	Well, you know, it's a mixed bag.
1:41.8	Even across Carl, some of the bigger tech names, I was looking at, say,
	...

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