Jeff Bezos Reaches the Edge of Space, Market Bounce Back & GlobalFoundries CEO on Intel Rumors

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 20 July 2021

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors kick off the morning with CNBC’s Mike Santoli on the broader market after yesterday’s sell-off. Then, CNBC’s Morgan Brennan has the story on Jeff Bezos’ trip to the edge of space ahead of his press conference. We also hear from GlobalFoundries CEO Thomas Caulfield on the Intel acquisition rumors and the company’s plans for an IPO. Then, we have the story on Apple pushing back its return to work plans amid a surge in coronavirus cases. Later, Cambria Investments’ Meb Faber joins to discuss where he sees opportunity following yesterday’s market drop. Next, CNBC’s Kate Rooney is here with all the details on Square’s newest traditional banking features. And don’t miss Jeff Bezos and the Blue Origin Crew speak about their space flight experience in a news conference.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm John Ford.
0:00.8	You're listening to CNBC's Tech Check.
0:02.9	Our show is live weekdays at 11 a.m. Eastern.
0:05.9	Listen in.
0:19.4	Go, Jeff, go, Mark, go Wally, go Holliver.
0:24.6	You are going to space.
0:26.6	... Good Tuesday morning and welcome to Tech Check.
0:46.8	I'm Deer Trobozo with John Ford and Julia Borsen.
0:49.3	Carl is off this morning.
0:51.2	Jeff Bezos speaks to CNBC that happened moments ago. A rare interview
0:56.0	as the richest man on Earth returns from a historic flight to the edge of space, the investing
1:01.8	landscape that's coming up this hour. Plus, we'll talk some IBM after Big Blue Posts its strongest
1:07.4	revenue growth in three years. And the CEO of Global Foundries is with us asking the
1:13.3	same questions that we are about a deal with Intel. Julia? And two more stocks. We're going to
1:20.4	hit this hour. Apple is reportedly investing money in its own original content and real estate
1:26.0	to build out that content, and Netflix
1:27.7	earnings are coming in just a few hours. Breakdowns of both are coming this hour. John?
1:32.8	Yeah, let's start with the market, though, coming off of a sharp sell-off for stocks.
1:37.1	We're seeing a nice rally now. The Dow's up 500 points as we wait for Jeff Bezos to reach
1:43.8	the podium to talk about what happened with his
1:46.9	trip. Let's see if yesterday's steep drop is seeing a bounce today or what? Mike Santoli has got some
1:55.6	answers. Mike, we haven't made up the ground that the major indices lost yesterday, except maybe the NASDAQ has.
	...

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.