Equity Monday: Welcome to bigtech hardware week

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 18 October 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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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. This week, the week of October 18, 2021, kicked off with a mixed markets picture. Asian stocks were mixed, down in Europe, and set to fall in the United States. China remains a concern. There are hardware events this week from Apple, Samsung and Google. Along with earnings from Netflix, IBM, and Qualtrics. Amazon is in hot water with American regulators, China may force its tech giants to allow for cross-platform search, and Facebook wants to hire lots of Europeans. From startup-land, Enpal landed a huge dollop of cash for its solar work, while OfficeRnD made bets on a hybrid working future. Notes to come shortly on the Expensify IPO filing. The show is back on Wednesday! Chat then! 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 everybody. This is Alex. You are listening to Equity Monday for
0:15.5	October 18th, 2021. This is your Monday wake up. We are here to get off on the
0:21.0	right foot as a pair, so let's check the markets, talk through the biggest news in technology from the weekend and this morning,
0:26.5	and then check in on starter planned.
0:28.0	To lay the groundwork for the week, Apple has an event, Google has an event,
0:31.9	Samsung also has an event.
0:34.1	So if you are a hardware person, good news, you are going to get a lot of updates this week.
0:38.3	If you wanted to buy some of the stuff, I presume supply chain issues will make that very, very
0:41.8	hard, so get excited and then perhaps get patient. And with that, let's So get
0:43.4	patient.
0:44.4	patient. And with that, let's go.
0:45.6	All right, so taking a look around the markets this morning.
0:51.6	We're going to kick off in Asia where stocks were mixed despite a GDP miss from China.
0:55.8	Growth in China is slowing thanks to a number of issues, some of which are, just a list
0:59.6	them, a power crunch, a zero COVID policy, supply chain and commodities chaos, regulatory change, among other factors.
1:06.1	Kind of pick your poison there about which one to point a finger to, hell you can even throw in the real estate market and missed bond payments.
1:11.5	Looking over at Europe, stocks fell, and here in America they are set to fall when the market's actually open as well
1:16.2	the financial media of the US is noting a huge load of earnings is
1:19.6	possibly driving you know, investor uncertainty.
1:23.0	Eh, maybe.
1:24.0	Anyways, we will see earnings from Netflix, IBM, and Qualtrix this week at least, probably a couple
1:28.1	more tucked in there.
	...

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