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Equity

Equity Monday: Market pessimism, new iPhones, and IPOs

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 13 September 2021

⏱️ 6 minutes

🧾️ Download transcript

Summary

This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here. I also tweet. Vacation was good, and a big thanks to Mary Ann and Natasha -- not to mention Grace and Chris! -- for keeping things flowing while I mostly sat around reading books and playing video games. But enough being maudlin! To the news! Investors are kinda thinking that the run-up in stocks needs to take a breather. And that the reset could land between 5% and 10%, with another 10% of respondents expecting a correction of more than 10%. Yowza. China may break up Ant, keeping the pace of its regulatory deluge going as this week starts. And the Chinese government thinks that its country has too many EV companies. If the market or central planning will wind up taking point on solving the "problem" is not clear. The Apple v. Epic decision is still driving conversation. Here's TechCrunch's coverage, and here's the MG piece I mentioned. Toast and Freshworks have new filings up. Which is good news if you want to dig into new S-1/A reports. Forge is going public via a SPAC. And Babyscripts and Commercetools raised rounds, while Jungle Ventures raised a fund. Got all that? Ok good. Chat you Wednesday! 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

Good morning. It is September 13th, 2021, and you are listening to Equity, Tech Runches Venture Capital,

0:16.2

and Start Up Focus Podcast, where we work to understand the numbers behind the headlines.

0:20.5

This is Alex and I am back after a week off, which means that I am currently trying to recall how to do my job

0:25.2

But all the same I am pretty stoked to be back in the saddle as it is going to be a very very interesting week

0:30.2

Why well there's an Apple event tomorrow, which means that the world of

0:33.2

tech and startups will grind to a halt for 24 hours as a deluge of news

0:37.4

from Cupertino washes over our Twitter feeds and bank statements. Do we

0:41.2

need new iPhones? Probably not. Do we want new iPhones? Yes, yes we do.

0:48.7

All right, kicking off this Monday round-up show, let's start with a quick markets update the key news

0:53.2

this morning impacting the value of companies around the world is that pessimism is

0:57.2

rising a survey from Deutsche Bank indicates that 58% of respondents to a monthly

1:02.1

survey from the financial giant expect a 5 to 10% correction

1:05.5

by the end of 2021. That's pretty serious. Another 10% expected correction of more than 10%

1:11.6

C. M. C. N. N.

1:13.3

That's even more material.

1:14.5

More regulatory news from China is shaking certain companies from the country as well, which

1:17.9

we'll talk about in just a minute.

1:19.5

Broadly, European shares are higher today.

1:21.6

Asian stocks are mixed with a slight bias towards positivity,

1:24.7

and American shares are set to jump when trading starts in a reversion

1:28.0

from their slide last week.

1:29.0

They kind of brought us to a bit of a denouumen as Friday closed. All right, our key news is not incredibly thematic this morning, so please excuse a lack of structure

...

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