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

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

4.8 • 56 Ratings

🗓️ 6 April 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Carl Cantonilla. You're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. Good. Good Wednesday morning. Welcome to Tech Check. I'm Deere Trapposa with
0:27.6	John Fort. Carl is on assignment this morning. Today markets are in the
0:30.8	red, the NASDAQ falling more than 2%,
0:33.0	cloud FinTech, chips all under pressure.
0:35.6	So is this a pause in the rally or the sign of a bigger sell-off?
0:38.6	We will discuss and then Uber wants to get into planes and trains. or maybe Darra just wants his old job
0:44.6	back that story in just a minute and then Bitcoin 2022 kicks off this morning.
0:49.1	We are live in Miami today's losses have Bitcoin negative on the year, John.
0:53.0	Yeah, D, but let's start with the markets.
0:56.0	What is going on?
0:58.0	Are things going in a different direction?
1:00.0	That's what Mike Santoli's looking at this morning.
1:02.0	Hi Mike.
1:03.7	Hey John, yeah, I mean, if nothing else, the NASDAQ technology,
1:07.6	the S&P 500, they're all doing the same thing,
1:09.6	which is making use of that little bit of a cushion that got built up from the lows in
1:14.5	recent weeks. We got about a 10% rallying the S&P better than that in NASDAQ and
1:18.6	Tech. But what's going on here is we have this unease, obviously about how fast things are moving in the
1:23.3	bottom market repressing aggressive fed expectations and also some defensive
1:27.8	leadership characteristics in the overall market so if you look at the
1:31.6	S&P it's all about cyclicals not doing well.
1:34.4	It's about the real defensive areas that have been holding things up.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.