Department of Justice Endorses New Tech Antitrust Legislation, District of Columbia Attorney General Karl Racine on Grubhub Lawsuit & Finding Value in the Streaming Space 3/29/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 29 March 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show breaking down where to find opportunity in tech stocks with Cambria Investment Management Co-Founder and CIO Meb Faber. Then, our Julia Boorstin covers the Department of Justice endorsing new antitrust legislation targeting big tech firms, and District of Columbia Attorney General Karl Racine discusses his lawsuits against Amazon and Grubhub. Next, our Julia Boorstin returns with the results of a new report detailing growing pressure on Netflix, and Mark Asset Management Founder and Managing Partner Morris Mark weighs in on the streaming space. Later, CNBC’s Kate Rooney looks at Bitcoin’s rebound, and Loop Capital Markets analyst Laura Champine shares insight on e-commerce platform Etsy after downgrading the stock and lowering her price target.

Transcript

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0:00.0	I'm John Fort. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:12.2	Good Tuesday morning. Welcome to Tech Check. I'm Carl Kintania with John Fort. Dear Durbosa has the morning off today.
0:17.8	An apple a day as the company closes in on the longest
0:20.9	win streak since 03 we're gonna break down what comes next for the biggest
0:25.0	stock holding in the S&P then we'll get a check on tech regulation an
0:28.4	interview with DC Attorney General Carl Raseen this hour and finally some
0:32.5	turning waters for Netflix the details behind a new report that could mean
0:36.5	trouble ahead for the streamers
0:38.0	and which strategies are best positioned, John.
0:40.7	Yeah, Carl, let's pick it up where David Faber left off.
0:45.0	Apple winning at the Oscars and the exchanges, Apple shares up 11 days in a row now, on track,
0:51.3	as you mentioned, to top their longest stretch of updates since 2003 the streak adds four hundred and seven billion dollars in market value putting it
0:58.8	back near that three trillion dollar market cap i believe it's at about two point nine uh this
1:05.9	morning and check out this stat from compound capital apple now has the largest waiting for an individual
1:11.2	company on the S&P in more than 40 years. Now more than 7% of the index. The last company
1:17.7	to come close, IBM in 1985. And you'll recall, Carl, that's the year after the famous
1:25.1	1984 Apple Super Bowl commercial where the woman was throwing the hammer at Big Brother, you know, because IBM was so big.
1:33.2	Now in the S&P apples, Apple's that big.
1:36.7	Yeah, it's so true.
1:38.2	How the tides turned, John.
1:40.0	Bespoke had a great stat this morning.
1:41.4	This is only the fourth time that Apple has rallied for 10 days or more,
	...

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