Exclusive Earnings with Adobe CEO Shantanu Narayen, Roku Picking Up Stream & Exclusive Interview with Springhill Capital CEO Maverick Carter

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 18 June 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

CNBC’s Mike Santoli is with us this morning to break down the Dow drop and the latest moves in tech stocks. Our anchors also have the details on Facebook after Mark Zuckerberg outlined his vision for the future at the VivaTech Conference yesterday. Then, we have an exclusive interview with Adobe Chairman and CEO Shantanu Narayen following the company’s latest earnings report. Later, Waverley Capital Co-Founder and early Roku investor Daniel Leff is here to speak about Roku’s push into content and the future outlook of the company. Then, CNBC’s Kate Rooney has the scoop on cryptocurrency Tether climbing up the ranks. Plus, in a second exclusive interview Spinghill Capital CEO and Lebron James’ longtime business partner Maverick Carter joins us to discuss the future of their media business and how to improve diversity in corporations. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Dear Joe Boza, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:08.3	Happy Friday. Welcome to Tech Check. I'm John Fort with Deer Jibosa and Julia Borson.
0:12.3	Carl's got the morning off. Today, Facebook's Quest Love. Mark Zuckerberg talks about
0:17.6	the holy grail of augmented and virtual reality.
0:21.4	Then a premier player, Adobe CEO, Shantuna Ryan,
0:24.6	in an earnings exclusive, is next.
0:27.0	And later, LeBron partner and media mogul Maverick Carter
0:30.2	in yet another tech check exclusive.
0:34.8	But we're going to start with stocks as the Dow drops around 500 points this morning.
0:40.3	Tech is mostly holding up the NASDAQ down about 6 tenths of 1%.
0:44.4	Mike Santoli joins us now.
0:46.2	Mike, I say that the NASDAQ's holding on, but it is just turned negative on the week as we speak.
0:52.6	Right.
0:53.2	So it's outperforming, but it's not exactly really lending
0:56.3	pure support to the overall index. D. It's honestly, it's a moderately changed stance by the
1:02.7	by the Federal Reserve colliding with very high conviction, crowded positioning in reflation
1:09.3	trades in the overheating trade in the economy.
1:12.2	You can actually see it here how the year has gone in the Dow industrials against the NASDAQ 100.
1:17.6	The Dow opened up this big lead against the NDX, which of course is mostly Fang plus semis.
1:23.1	And now it's given it all up.
1:25.2	Largely, it's because you had all of these people crowded into this idea that inflation was going to be the near-term risk.
	...

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