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Breaking Down Tech’s Volatile Q1, The Bear Case for Disney & IPOs Drop Off to Start 2022 4/1/22

TechCheck

CNBC

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

4.856 Ratings

🗓️ 1 April 2022

⏱️ 35 minutes

🧾️ Download transcript

Summary

We begin today’s show covering President Biden’s remarks on the March jobs report before our anchors bring in CNBC’s Mike Santoli to recap a volatile Q1. Next, MoffettNathanson Senior Managing Director Michael Nathanson discusses his bearish outlook on Disney, and CNBC’s Leslie Picker analyzes the drop-off in IPOs to start the year. Then, Former Andreessen Horowitz Partner Benedict Evans weighs in on tech regulations, and O’Shaughnessy Asset Management Co-CIO Chris Meredith shares insight on how investors should think about risk and tech positioning heading into the second quarter. Later, our Julia Boorstin reports on ad spending growth flattening out, and CNBC’s Kate Rooney looks at banks including Morgan Stanley and Goldman Sachs expanding their dedicated crypto teams.

Transcript

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0:00.0

I'm Deja Boza and you're listening to see and be seen

0:02.8

check our show is live weekdays at 11 a.m. Eastern listening

0:07.1

yesterday I authorized the release of 1 million barrels per day for the next six

0:12.3

months from our strategic petroleum reserve.

0:16.0

Acknowledged this by far is the largest release of our national reserves in our history.

0:21.0

It is a wartime bridge is the way I look at it. in our

0:25.0

oil-time bridge is the way I look at it to increase our oil supply as we work with our oil

0:28.0

U.S. oil producers to ramp up their production

0:31.0

to get us through this period. I've coordinated this release

0:34.9

with partners and allies around the world. This morning over 30 countries

0:40.0

from across the world convened in an extraordinary meeting and agreed to the release of

0:45.8

tens of millions of additional barrels of oil onto the market. Hundreds of hours of meetings with key allies keeping them together is paying off.

0:56.8

Nations are coming together to deny Putin the ability to weaponize his energy resources

1:00.9

against American families, not only American families, but families in Europe and around the world.

1:06.0

I've also made it a priority to get America's fiscal house in order.

1:10.0

Under my predecessor, a federal budget deficit went up every single year, every year.

1:17.6

As I committed when I was running us and I got here, we're going to turn that around.

1:21.8

In fact, last year in 2021, we cut the federal deficit by more

1:26.3

than 350 billion dollars. And this year in 2022, we're on track to cut the deficit by more than 1.3 trillion dollars.

1:38.1

1.3 trillion.

1:40.2

That would be the largest one-year reduction in a deficit in U.S. history.

1:44.0

And it's particularly important now as we work to reduce pressures on inflation.

...

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