Big Tech Shines Amid Bank Concerns - MOSK: 03.20.2023

Mac OS Ken

Ken Ray

Mac, Computers, Technology, Ipad, Tablets, Phones, Iphone, X, Apple, News, Smart, Os, Smartphones

4.8 • 972 Ratings

🗓️ 20 March 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

- Barron’s: Big Tech Fares Well Despite SVB and Other Banking Issues - Report: Apple Retail Opening Mumbai Flagship in April - Boston, MA Gets Apple Maps’ Detailed City Experience - Unopened, Original iPhone Sells at Auction for ~$55K — Cult of Mac: Apple-1 Fails to Sell at Auction - Apple TV+ Releases Short Featuring Hazmat Bunnies from “Luck” - “Ted Lasso” Cast Members Head to White House for Mental Health Awareness - Looking for The Mac Observer's Daily Observations Podcast? Put this link in your podcatcher of choice: https://www.macobserver.com/rss/dailyobservations_mp3.xml - Power what we do next for as little as $1 a month. Join the Mac OS Ken Test Kitchen at Patreon at Patreon.com/macosken - Send me an email: [email protected] or call (716)780-4080!

Transcript

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0:00.0	This is MacOS Ken.
0:08.8	Big tech does well post-SB-B collapse.
0:12.0	Apple retail may hit Mumbai next month and Team Lasso heads
0:16.8	to the White House. It is Monday the 20th of March 2023. I'm Ken Ray and this is news from Maco-S-Ken brought to you by yours truly and
0:30.1	supported by people like you, patrons through Patreon.
0:35.9	Find out more and at your support at patreon.
0:39.8	dot com slash Macoest can
0:45.4	As fascinating as I find financial news there is a lot about it. I do not understand
0:51.2	No expert am I just a guy who's been watching this stuff for 17 to 18 years but
0:56.4	There is so much that I do not get with all of that in mind. There was an article in
1:02.2	barons last week that I found really interesting.
1:05.4	You've no doubt heard about the very recent bank blow-ups, as that site refers to them.
1:11.2	They've included the Silicon Valley Bank collapse and the closure of
1:14.8	New York's signature bank a little over a week ago as well as the agreed-upon takeover
1:20.0	of Credit Suisse by UBS over the weekend.
1:24.7	Not surprisingly, those have led to a not so great week for the financial sector.
1:29.7	Somewhat surprisingly, Barron says Tech shares did pretty well last week.
1:35.3	That's despite the unsettling financial news, starting with the downfall of one of that sector's
1:40.4	favorite lenders, Silicon Valley Bank.
1:43.9	Heading into last Friday, the piece said the Nasdaq was up 4%
1:47.9	over the previous five trading sessions.
1:50.5	The Technology Select Sector Spider Fund was up 4.1%, Apple was up 3.8%, Microsoft was up 9.9%,
	...

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