Breaking Down the Tech Rally’s Pause, Atlassian Co-CEO Scott Farquhar on Remote Work & Miami’s Emergence as a Crypto Hub 4/6/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 6 April 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors start today’s show breaking down the pause in the tech stock rally with CNBC’s Mike Santoli, and Plexo Capital Founding Managing Partner Lo Toney joins to discuss his bull case for Adobe and Alphabet. Next, our Jon Fortt shares sound from his interview with Atlassian Co-Founder and Co-CEO Scott Farquhar ahead of the software company’s Team 22 conference, and CNBC’s Kate Rooney reports on Miami’s emergence as a hub for crypto investors. Then, CNBC’s Kristina Partsinevelos highlights today’s Nasdaq movers as the index moves lower to start the day, and Credit Suisse Head of U.S. Equity Strategy and Quantitative Research Jonathan Golub offers his long-term investment outlook for tech stocks. Later, CNBC’s Steve Kovach covers Piper Sandler’s annual survey on investment and brand preferences among teenagers, and Needham semiconductors analyst Rajvindra Gill takes a closer look at the chip sector. 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. Listen in.
0:25.6	Good. Good Wednesday morning. Welcome to Tech Check.
0:26.8	I'm Deerboza with John Fort.
0:28.2	Carl is on assignment this morning.
0:29.8	Today, markets are in the red.
0:31.0	The NASDAQ falling more than 2%.
0:32.8	Cloud FinTech chips all under pressure.
0:35.7	So is this a pause in the rally or the sign of a bigger
0:38.0	selloff? We will discuss. And then Uber wants to get into planes and trains. Or maybe Dara
0:43.8	just wants his old job back. That story in just a minute. And then Bitcoin 2022 kicks off this
0:48.5	morning. We are live in Miami. Today's losses have Bitcoin negative on the year, John.
0:53.5	Yeah, D. But let's start with the markets.
0:56.1	What is going on?
0:58.0	Are things going in a different direction?
1:00.0	That's what Mike Santoli is looking at this morning.
1:02.4	Hi, Mike.
1:03.4	Hey, John.
1:04.3	Yeah, I mean, if nothing else, the NASDAQ technology, the S&P 500,
1:08.6	they're all doing the same thing, which is making use of that little bit
1:12.1	of a cushion that got built up from the lows in recent weeks. We've got about a 10% rallying
1:16.5	the S&P better than that in NASDAQ and tech. But what's going on here is we have this unease,
1:21.5	obviously, about how fast things are moving in the bond market, repricing aggressive Fed
	...

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