Breaking Down the Russia-Ukraine Conflict, Finding Opportunities in the Valuation Reset & Lendistry CEO Everett Sands on Growing Small Businesses

TechCheck

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4.5 • 66 Ratings

🗓️ 22 February 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors start today’s show breaking down the White House’s response to the Russia-Ukraine conflict with CNBC’s Ylan Mui. Then, Stifel Co-Head of Global Technology Cole Bader joins for a look at tech valuations resetting, and CNBC’s Kate Rooney reports on Bitcoin plunging over rate hike concerns and the ongoing uncertainty in Eastern Europe. Next, Wall Street Journal Markets Reporter Gunjan Banerji highlights the current surge in short sellers adding to their positions amid the Russia-Ukraine tensions, and NBC News Correspondent Erin McLaughlin reports on Russian President Vladimir Putin receiving legislative permission to deploy the country’s military. CNBC’s Frank Holland also reports on supply chain issues stemming from the conflict, and GGV Capital Managing Partner Jeff Richards offers insight on valuations and opportunities in software. Later, Lendistry CEO Everett Sands discusses the community development financial institution’s work to provide capital to vulnerable small businesses. 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 Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Welcome to Tech Check. I'm Carl Kintanilla with John Ford. Deirdreboza is off today.
0:29.6	This hour, the latest on the Russia-Ukraine crisis, the impact on today's trade and your wallet coming up next.
0:35.4	Later, have we hit a floor in tech valuations? One guest says it's
0:38.8	time to buy back in on some software in cloud. Finally, so much for a safe haven. Another volatile
0:44.8	session for crypto amid all of these geopolitical tensions. And that is where we're going to begin.
0:50.5	Our Elon Moy is live in Washington with the latest on the developing situation in Ukraine.
0:54.7	Hi, Elon. Hi, Carl. Well, the White House is facing new pressure to block the Nord Stream 2 pipeline
1:00.0	from moving forward as world leaders toughen their stance against Russia. German Chancellor
1:05.2	Olaf Schultz announced this morning that it will pull the plug on the pipeline after months
1:09.7	of resisting this move.
1:11.1	He said Germany has reassessed the situation in light of Russia's deployment of troops into the Donbos region of Ukraine.
1:17.6	Now, White House spokesman Jen Saki said the U.S. has been in close consultation with Germany and that it welcomed the announcement.
1:25.0	She also said the U.S. would take action on Nord Stream if Russia
1:29.0	were to invade Ukraine. And two sources are now telling NBC, that is how the Biden administration
1:34.7	is characterizing the situation now as an invasion. Now, the White House is preparing to announce
1:40.2	additional measures targeting Russia today, but it remains unclear what the scope of that
1:44.9	action will be. So far, it has stopped short of the full-fledged package of devastating sanctions
1:50.8	that Biden has threatened against Russia. But on Capitol Hill, lawmakers on both sides of the aisle
1:55.7	are now urging the White House to move quickly and in coordination with our allies. Already, we know the European Union is
2:02.1	working on a package of sanctions, including limiting Russia's access to its capital and financial
2:06.7	markets. And the UK has sanctioned five Russian banks and three billionaires. So guys, we will
2:12.1	learn more about what the U.S. is planning this afternoon. Secretary of State Anthony Blinken
	...

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