Big Tech on Deck, Cloudflare CEO on AWS Pricing & SiriusXM CEO Post-Earnings

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 27 July 2021

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors discuss upcoming Big Tech earnings to start off the morning. Then, Bernstein Analyst Toni Sacconaghi joins to further break down Tesla earnings released yesterday and what to expect from Apple earnings tonight. We also have Cloudflare CEO Matthew Prince after the company called out Amazon Web Services’ high pricing. Next, CNBC’s Julia Boorstin joins to interview SiriusXM CEO Jennifer Witz post-earnings. Later, Margins Editor Ranjan Roy is here to break down the sell-off in Chinese stocks as the government’s crackdown reaches more industries. Then, CNBC’s Brian Sullivan joins from Mountain Pass, California to cover our surprising reliance on magnets to make tech products. We also have all the latest details on regulation in the crypto space. Plus, don’t miss the story on SEC Chair Gary Gensler opening a Twitter account.

Transcript

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0:00.0	I'm Deerreboza, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:07.9	Happy Tuesday. I am John Fort with Carl Kingtonia and Deirdrebosa.
0:11.1	Coming up on the show today, earnings season rolls on for big tech.
0:14.9	Apple, Alphabet, and Microsoft, all reporting after the market closed today.
0:19.0	We will have the key metrics to watch.
0:24.6	Plus, Tesla tops a billion in net income for the first time in Q2.
0:26.9	Revenue up tenfold from last year.
0:30.7	More than a billion dollars worth of Bitcoin still on the balance sheet.
0:31.5	That should be profit.
0:34.3	And finally, Cloudflare calls out Amazon.
0:36.7	We speak with CEO Matthew Prince.
0:37.0	Deirdre.
0:43.2	But guys, we will start with a big week for big tech. We've been preparing for it. Apple, Microsoft. They're all reporting after the bell today. Together, they have a combined
0:48.5	market cap of nearly $6.5 trillion. Carl, perhaps not all that surprising that we are seeing some weakness among
0:56.6	these names and the NASDAQ at large as we head into these results. The mega cap names have been
1:02.7	rallying big on expectations. And remember, last year at this time, the economy was closed.
1:08.2	So this is a low bar to clear and expectations have really just been
1:11.7	building and building over the last few weeks and months. It's true. You've had a nice five-day swing
1:18.5	here on some of these names, guys. And John, it does point to some of the challenges that we've
1:23.2	seen, at least in the industrial sector this morning. And that is, unless the guidance for the
1:27.3	second half
	...

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