LA Clippers Owner & Former Microsoft CEO Steve Ballmer on Artificial Intelligence & NBA Tech Initiatives 2/17/23

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 17 February 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show with CNBC’s Steve Liesman breaking down the Fed’s messaging around rate hikes, and CNBC’s Kate Rooney looks at the risk-on rally driving Bitcoin higher. Then, CNBC’s Mike Santoli looks at short sellers closing out their tech bets, and our Deirdre Bosa shares highlights from her post-earnings interview with DoorDash CEO Tony Xu. Next, our Julia Boorstin reports on the continued weakness in the ad market, and Procore CEO Tooey Courtemanche discusses the construction software firm’s performance in Q4. Later, Los Angeles Clippers owner Steve Ballmer joins for a deep dive into the latest tech developments in the NBA and his outlook for Microsoft’s artificial intelligence initiatives.

Transcript

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0:00.0	I'm Julia Borstin and you're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern listen in.
0:10.4	Good Friday morning. Welcome to Tech Check. I'm Carl Cantonier with John
0:13.3	Fort and Deirdreboza. This hour, higher for longer, a couple of fed
0:17.1	officials with some hawkish commentary as hedge funds rushed to rally at
0:21.0	the second fastest pace in a decade.
0:23.0	We'll debate the case for a new 50 basis point hike.
0:26.0	Then a dash of doubt.
0:27.0	DoorDash shares unable to hold some gains despite an upbeat outlook.
0:30.0	We'll hear exclusively from CEO Tony Shoe this hour. Salesforce to settle.
0:35.2	Sources tell David Faber that Salesforce and Activist Elliott Management may soon reach a deal.
0:40.0	That's ahead of our exclusive interview with former Microsoft CEO and L.A. Clippers owner, Steve Bulmer,
0:45.0	live from the NBA Tech Summit.
0:47.0	John, we're going to start with what you mentioned first, the Fed and a's higher for longer messaging.
0:53.2	Fed President's Jim's Bullard and Loretta Messer,
0:55.5	making it clear a 50-point rate hike is back on the table for next month.
1:00.4	Our Steve Leisman has the details.
1:02.6	Steve.
1:03.6	Yeah, John, Mark is reacting to Hawkish-Feach speak yesterday and bracing for an onslaught of
1:09.2	speeches next week.
1:10.8	More than a quarter of the Federal Market Committee is scheduled to take the podium.
1:14.5	Next week we talk about the economy, along with minutes of the February meeting on Wednesday,
1:18.3	we should learn just how much support there is for that 50 basis point increase at the March meeting that's coming up.
	...

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