I'm Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern, listen in.

Good Thursday morning. Welcome to Tech Check. I'm Carl Cantanier with John Fortin. Dear Durbosa today. The negative

data points continue higher than expected jobless claims, strong PPI, weak bank results, that hot inflation number.

What does it all mean for tech and high growth stocks across the board?

Plus, a weaker consumer backdrop had Netflix looking for ad revenue.

Well, it's found its newest co-star with this partnership with Microsoft means for both stocks this hour.

And don't forget Amazon and Apple ads.

Finally, the crypto carnage continues.

Yet another lender filing for bankruptcy.

We'll talk about what comes next on this important day, Dow down 500.

First, though, some new comments from Governor Waller on the economy.

Steve Leesman's got it, Steve.

John, thanks.

Fed Governor Chris Waller saying his base cases for a 75 base point hike in July.

But hold on. He says he would lean toward a larger than 75 basis point hike if the data is

stronger than expected. In this regard, kind of in line with other Fed speakers yesterday,

Rafael Bostic from Atlanta,

saying that everything is in play. Walter also said he expects the Fed will need to impose

restrictive monetary policy, that is, above the neutral rate. And he supports front-loading,

tightening, doing more now, so perhaps the Fed can do less later. He does expect inflation to cool.

He says the pace of hikes after July is going to depend on incoming data. That is, once they get

to neutral, they'll follow the data to figure out how far to go. He does support hikes until

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