Citi CEO Jane Fraser on Economic Outlook, Splunk CEO Gary Steele on Cybersecurity & Guggenheim Downgrades Microsoft to Sell 1/17/23

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 17 January 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with Citi CEO Jane Fraser offering her outlook for rate hikes, inflation and consumer demand at the World Economic Forum’s annual meeting in Davos, Switzerland. Then, Requisite Capital Management Managing Partner Bryn Talkington shares her top tech mega-cap picks, and our Julia Boorstin reports on Disney firing back at activist investor Nelson Peltz. Next, Wells Fargo Chairman of Global Internet Investment Banking Bob Peck breaks down the current environment for M&A, and Splunk CEO Gary Steele weighs in on cybersecurity and the cloud. Later, Guggenheim Partners analyst John DiFucci joins after downgrading Microsoft to a sell rating.

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
0:06.8	Happy Tuesday. Welcome to Tech Check. I'm John Port Deja Bosa. Coming up this hour
0:11.2	Citigroup CEO, Jane Frazier, moments away, live from Davos, mixed messages
0:16.4	from the bank to kick off earnings season, including that $2 miss on earnings from Goldman this morning.
0:22.3	We're just talking about that stock down
0:24.4	6% so far. Plus Disney drama, a fiery response to Nelson Pelt calling him
0:30.8	quote oblivious. New details on that brewing proxy fight are next,
0:36.0	and then later, call it Bet Baba Endeia.
0:40.0	The meme king, Ryan Cohen, reveals a stake in the Chinese giant why he thinks Alibaba
0:46.9	can be doing more on Vibacs and I guess why he thinks he can make a difference
0:51.2	D. Yeah, I know a few skeptics on that.
0:53.7	We're gonna chat about it.
0:54.6	Let's first get a check on the markets,
0:56.0	so ahead of a very busy hour for us.
0:58.3	The major average is falling to start
0:59.9	this shortened week of trading.
1:01.8	Been a bit bumpy so far this morning.
1:03.3	Wall Street is coming off positive back-to-back weeks
1:05.9	to start the year.
1:06.6	Sentiment is being weighed down by the latest New York manufacturing activity
1:10.0	which plunged in January.
1:11.6	Energy and Staples,
	...

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