Covid Lockdown Protests Sweep Across China, BlockFi Reportedly Plans to File for Bankruptcy & Appian CEO Matt Calkins Kicks Off Cloud Week 11/28/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 28 November 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with CNBC’s Eunice Yoon reporting on rare protests in China over the country’s “Zero Covid” approach, and CNBC’s Steve Kovach looks at companies with high exposure to China moving lower to start the morning. Then, Destination Wealth Management CEO and Founder Michael Yoshikami joins after naming Apple, Amazon and Disney as some of his top long-term picks, and CNBC’s Frank Holland breaks down sales forecasts for Cyber Monday. Next, Adobe Vice President of Growth Marketing & Insights Patrick Brown discusses e-commerce trends for the holiday season, and we circle back to the demonstrations in China with experts Gordon Chang and Ann Lee. Our Julia Boorstin also breaks down underwhelming box office numbers from Thanksgiving weekend, and CNBC’s Kate Rooney covers crypto lender BlockFi’s reported plans to file for bankruptcy. Later, enterprise software company Appian Founder & CEO Matt Calkins shares his outlook to kick off our annual Cloud Week. 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 John Ford. You're listening to CNBC's TechChack. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:07.0	Good Monday morning. Welcome to Tech Check. I'm Carl Kingtonia with your Derbosa. John is off this morning.
0:11.5	Today, consumer is definitely top of mind as investors look for a record Cyber Monday. But can the strength continue?
0:18.6	We're going to discuss that. Plus, the latest from from Beijing as these rare protests spread there over ongoing zero COVID
0:25.1	restrictions and investors wonder what that may mean for the likes of Apple.
0:29.4	Finally, Cyber Monday, not the only thing Tech Check is celebrating this morning.
0:32.6	It's day one in Cloud Week.
0:34.6	More on the names you should be watching ahead of a bunch of earnings and where to look for growth beyond the hyperscalers, Dee.
0:41.4	Well, Carver, we've got to start today's feed with China, where protests there continue to grow in response to the country's zero COVID approach.
0:47.4	Eunice Yuni Un is live from Beijing with more Unis. We've been seeing you on our airwaves all morning, but I'm guessing your reporting is probably being blacked out
0:54.5	on the ground where you are in China.
0:58.1	Yeah, I would guess so.
0:59.7	That's been happening all this week whenever we talk about any type of protests or other
1:04.7	frustration with the COVID curbs.
1:08.6	But Deidre, one interesting development tonight is that Shanghai residents
1:12.6	have started to complain online that police are starting to check their mobile phones at public
1:18.0	transportation hubs to look for foreign apps, such as Instagram, Twitter, and Telegram.
1:24.7	A telegram is, of course, the encrypted messaging app, and it's often used by protesters as well as activists to communicate.
1:33.3	Otherwise, security is extra tight, not only in Shanghai, but also here in Beijing.
1:38.8	This is after the weekend protests, which erupted in multiple cities, not only, of course, here in Beijing, but also
1:46.0	in Chengdu or Wuhan, where the pandemic has started. The protests on the whole were sparked
1:54.5	by deaths at a building fire in the far western city of Urumqi, which many people believe were hampered and
	...

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