Breaking Down Digital Marketing Regulations, A Deep Dive into FTX’s Financials & Silicon Valley Bank CEO Greg Becker on Venture Capital Outlook 8/22/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 22 August 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with Craft Ventures Co-Founder David Sacks outlining his expectations for a possible recession, and Consumer Financial Protection Bureau Director Rohit Chopra discusses regulations for digital marketing of financial products. Then, CNBC’s Kate Rooney offers a rare deep dive into the financials of privately held crypto exchange FTX, and CNBC’s Kristina Partsinevelos breaks down what’s driving the Nasdaq lower to start the morning. Next, Silicon Valley Bank CEO Greg Becker shares his outlook for venture capital amid the ongoing volatility, and our Julia Boorstin reports on the streaming debut of “Game of Thrones” prequel “House of the Dragon” on HBO. Later, CNBC’s Frank Holland previews upcoming results from Zoom and Palo Alto Networks after the bell. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm John Fort. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:07.1	Good Monday morning. Welcome to Tech Check on Carl Cantonia with John Fort and Dear DeBosa.
0:11.2	Tech stocks crushed to kick off the week. Nasdaq's down 2% today. Coming off a pretty rough stretch
0:16.8	last week as well. Got this muddled market message and sentiment weighing on investors post
0:21.6	earnings ahead of Jackson Hole. We'll watch that guys. It's good to be back together. But D,
0:26.9	we do have the VIX at a three week high and this bond selloff has the tenure yield at about a one
0:31.6	month high. Yeah, I mean, over the last six to eight weeks, separate from last week, we've seen
0:36.6	this rally, especially in some of
0:38.0	those high growth names. And this debate has raged. Is this a bear market rally or is this really
0:43.2	the start of a bull market with the NASDAQ at session lows? John, it feels like with earning season
0:48.4	out of the way, investors are now focused on the macro, on Jackson Hole, on some of those risk factors. So we did see that
0:55.8	winning streak sort of muddled last week. Yeah, I mean, I was last here about 12 days ago.
1:01.2	I'm looking at the major indices. What's changed? Nothing. I mean, everything's about in the same
1:05.2	place. Yeah. I know a lot's changed under the covers there. But yeah, I mean, it seems like macro is a big part of what investors
1:13.7	have to sift through here because we've been hearing for weeks and weeks, here's what a
1:19.0	bare market bounce would look like. And here are the fundamentals to pay attention to. And,
1:24.1	okay, we've had all these supply worries now what's gonna happen to demand when those
1:28.4	interest rate hikes come through the end of the year and into next year it's unclear to me exactly
1:34.3	how much has changed since then aside from people's feelings about what might change what
1:40.3	fundamentally has changed i think that's what investors, Carl, or D.
1:49.6	All these little data points, right, John, I would point to Cisco earnings because I remember last quarter,
1:53.5	they're the so-called off-market earnings, right? They report a little bit later in the season.
	...

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