China Tech Rallies to Start 2023, What’s to Expect from IPOs This Year & WWE Explores a Sale 1/9/23

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 9 January 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show with Annandale Capital Founder and Chairman George Seay discussing his outlook for Apple, Uber and crypto. Then, CNBC’s Steve Liesman shares data from the New York Fed showing a decline in inflation expectations, and UBS Global Wealth Management Equity Strategist David Lefkowitz shares his outlook on whether to invest in tech. Next, KraneShares CIO Brendan Ahern discusses China tech stocks rallying to start the year, and MKM Partners analyst Rohit Kulkarni shares his outlook for the IPO market in 2023. Later, our Julia Boorstin reports on Vince McMahon returning as CEO of WWE to explore selling the company.

Transcript

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0:00.0	I'm Carl Quintanilla. You're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern listen in.
0:07.0	Welcome to Tech Check. I'm Carl Quintanilla with dear Debosa and John Fort. Today the China
0:11.2	reopening begins as stock surge to start the year the K-Web
0:15.0	15% gains since last Tuesday. We're going to talk with the CIO of the fund on
0:20.5	how to play that space plus a bull bear debate on coin,
0:23.6	why one Wall Street firm says the company
0:25.8	will survive and even thrive in the long term.
0:29.0	And then Piper and Jeffries both say Uber is a buy.
0:32.1	We have what that means for the competition over there as well, John.
0:35.3	Yeah, and Carl, let's kick things off with the tech rally we've seen the past two trading days.
0:39.7	The Nasdaq Led Fridays Gaines and is leading once again today.
0:45.5	Text the top sector, some high profile and high beta names are leading.
0:50.4	Take a look, you can see some gains in a m d sales force service now the arc E t f sofai
0:56.5	unity all seeing outsized gains my question to you d and car all is are the markets focused on the wrong thing here are
1:06.5	investors
1:08.1	brushing aside some fundamental things and focusing on the soft landing narrative that's formed.
1:13.5	We can't help but notice, the Friday Macy's warned
1:17.9	based on weak consumer demand.
1:19.9	Now, they've been managing inventory well, but said that after Cyberweek, demand really fell
1:26.8	off more than expected.
1:28.8	So that stock is down about 8% right now. then Lulu warned this morning different story higher
1:35.2	inventory levels so they're selling that through but it looks like they're
	...

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