Equity Monday: AI can do everything, but can crypto do something?

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 30 May 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, crypto prices are static, unlike a particular valuation and Alex is still mad about SPACs. Here's the rundown: Stocks around the world are happy that America is once again going to avoid a default; congrats, United States. At the same time, the crypto market is a bit boring right now, due in large part to muted trading volumes as the crypto winter tests new low temperatures. No one knows what Byju's is worth, but Blackrock is marking its price in one consistent direction. Serve Robotics is having a good run as a startup, partnering up with its prior parent company. The WSJ has some great data on SPACs that drove us nuts. Whew. What a way to start the week! We are back tomorrow! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome back to Equity, the Tech Crunch Podcast where we unpack the numbers and the nuance behind the headlines.
0:17.0	It is May 30th, 2023 and this is Alex and I am coming to you on a Tuesday, not a Monday, because of an American holiday.
0:25.0	Whenever that happens, we just push this show back a day and have a very busy compact equity week.
0:30.0	But we are back on Wednesday, we are back on Friday. Do not worry.
0:33.0	On the show this morning, we have stocks breathing a sigh of relief.
0:37.0	Why crypto is kind of stuck.
0:38.0	By Jews changing valuation in a turbulent ed tech market.
0:41.0	The expansion of cute robots, I love that, and the massive embarrassment of the SPAC mess part 6,000.
0:47.5	Let's go.
0:48.5	Let's start with a look at the global stock market spinning that globe.
0:54.1	Shares are mostly higher today in Asia. They are mixed in Europe and they are set to rise
0:58.7	here in the US at the open with tech stocks leading the way.
1:02.6	So what's going on and what's driving the news?
1:04.8	Well, the United States appears to have found a way to pay for stuff.
1:08.2	It already said it was going to pay for,
1:10.3	aka the debt ceiling vote appears like it's going to happen.
1:13.0	We have a multi-year reprieve ahead of us regarding the debt ceiling, but if we keep using it as an
1:18.0	internal suicide threat, we are going to harm our credit standing.
1:21.0	Also, it gives me heart palpitations so let's you
1:24.1	know stop doing that. Anywho there are a few interesting earnings to watch out
1:28.0	for this week on Tuesday aka today we have both halves of HP and Box.
1:33.5	On Wednesday we have, it's a lot of folks,
	...

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