FireEye Mandiant CEO on Cybersecurity, Morgan Stanley’s EV Picks & Former Reddit CEO Ellen Pao’s Take on the Holmes Trial

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 17 September 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors start off this Friday morning with CNBC’s Dom Chu on the tech stocks getting left behind and where you can find opportunity. Then, Morgan Stanley Auto Analyst Adam Jonas joins to give his take on EVs, saying today Tesla is “like the mechanical white rabbit at the dog race.” Next, FireEye Mandiant CEO Kevin Mandia is here to talk all things cybersecurity as the Biden Administration prepares sanctions targeting crypto ransomware payments. And what if TikTok actually got banned and sold its U.S. operations? Tune in for TechCheck’s take. Later, Former Reddit CEO Ellen Pao joins to discuss her op-ed in the New York Times on the Elizabeth Holmes trial, which she says is a wake-up call for sexism in tech. We also cover billionaire investor Mark Cuban’s series of tweets defending moves to regulate crypto. And later, CNBC’s Diana Olick joins with the story on how real estate agents are using artificial intelligence. 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 Deerreboza, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Welcome to Tech Check. I'm Carl Kintania with John Ford and Julia
0:28.9	Boorston. Coming up this hour, strange comments out of Instagram on the dangers of social media.
0:34.8	Get an explanation of that backlash coming up. Plus, Mark Cuban wants to make crypto a little less anonymous.
0:40.5	His take on why regulation built around existing fraud laws actually makes some sense.
0:45.9	Later on, Elon Musk kisses up to China.
0:49.4	Morgan Stanley's Adam Jonas weighs in on Tesla's prospects, John.
0:53.5	Yeah, but we're going to start with stocks and the
0:55.7	NASDAQ coming off. Its first update in 6. Still closing in on another record, despite the recent
1:02.0	weakness, although all five Fang names in Microsoft in the red today. Dom Chu taking a look at
1:07.9	the left behind trade are those tech stocks that have not followed the rest
1:11.6	and are going the other way, flirting with their 52-week lows. Dom.
1:15.7	All right. So, John, because not all of those technology stocks outside the real mega-cap
1:20.6	names have participated in this recent rally, at least in the last six months or so,
1:25.1	we wanted to take a look at some of those bottom feeding type stocks right now that have not
1:29.2	participated, but might still have upside potential.
1:32.6	The reason why is because if you look at the technology sector, communication services
1:37.0	versus the overall S&P 500, tech is roughly in line.
1:41.1	Communication services has been an outperformer, but that orange line, can
1:45.1	keep going? That recent downtrend here, as you just pointed out, is a bit of worry.
1:49.8	We took a look at a screen looking at S&P 500 technology and communication services companies.
1:56.1	By the way, there's roughly 96 of those total among those two sectors.
	...

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