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

4.8 • 56 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 Ford. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:12.3	Good Tuesday morning. Welcome to Tech Tech Check I'm Carl
0:14.5	Cantonia with John Fort dear
0:16.2	drebosa has the morning off today and apple a day as the company closes in on
0:20.0	the longest win streak since 2003.
0:23.0	We're going to break down what comes next for the biggest stock holding in the S&P.
0:26.5	Then we're going to check on tech regulation, an interview with DC Attorney General Carl Racine this hour.
0:31.5	And finally, it's some churning waters for Netflix.
0:34.1	The details behind a new report
0:36.1	that could mean trouble ahead for the streamers
0:38.1	and which strategies are best positioned, John.
0:41.1	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
0:53.2	updates since 2003. The streak adds four hundred and seven billion dollars in
0:57.6	market value putting it back near that three trillion dollar market cap I
1:02.3	believe it's at about 2.9 this morning.
1:06.3	And check out this stat from compound capital.
1:09.2	Apple now has the largest waiting for an individual company
1:11.8	on the S&P in more than 40 years, now more than 7% of
1:16.2	the last company to come close, IBM in 1985.
1:21.2	And you'll recall, Carl, that's the year after the famous 1984 Apple
	...

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