Finding Value in E-Commerce, The State of Big Tech Regulations & What to Expect from Disney in 2023 12/21/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 21 December 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show with Plexo Capital Founding Managing Partner Lo Toney discussing the e-commerce landscape for 2023, and MoffettNathanson analyst Sterling Auty joins with his top picks in software. Then, we take a deep dive into the state of big tech regulations with CNBC’s Ylan Mui and Platformer News Founder Casey Newton. Later, CNBC’s MacKenzie Sigalos covers FTX Founder Sam Bankman-Fried’s return to the U.S. to face criminal charges, and Wells Fargo analyst Steven Cahall outlines his favorite media stocks for the year ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m.
0:05.9	Eastern, listen in. Good Wednesday morning. Welcome to Tech Check. I'm Carl Kintanaia and John Fort.
0:11.5	Deirdre's got the morning off today. More on what to do with names like Amazon and Shopify on the heels of this new warning from FedEx post results over there.
0:19.1	Plus is the real figure behind Tesla's
0:21.7	downfall the Fed? Elon Musk seems to think so. We'll discuss. Finally call it a golden ticket.
0:28.5	You two reportedly beating out Apple, Amazon, and others in this month's long battle for NFL Sunday
0:34.1	ticket. Do not miss the latest on that, perhaps, later this hour, John.
0:37.8	Yeah, and we want to start today's feed with the e-commerce warning you might have missed.
0:42.3	FedEx reporting results overnight and announcing it would cut more than a billion dollars
0:46.4	in additional costs after profits took a big hit from weak demand.
0:50.1	A key factor in the slowdown here in the U.S.
0:53.2	E-commerce trends with CEO Raj Supermimium telling investors on the earnings call that there may be more pain ahead if pre-pandemic numbers or anything to go by.
1:01.9	Take a listen.
1:03.7	I think the main macro issue in the United States is really the e-commerce reset.
1:10.8	If you were to just follow along here prior to the pandemic, you know, the United States is really the e-commerce reset.
1:11.3	If you were to just follow along here, prior to the pandemic, e-commerce represented about 16%
1:16.8	of retail.
1:17.8	During the pandemic, it peaked at about 22%.
1:21.6	And ever since it's been kind of going down, we are probably about 18 or 19% right now.
1:27.1	It's still higher than 16, but not quite as 622.
1:31.3	So that's the part of the reset that's going on in the U.S. domestic package business.
1:36.9	I don't know that we should take from that, Carl, that there's an expectation that it goes back down to 16.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.