Microsoft Reports Earnings After the Bell, Amazon Unveils New Prescription Drug Perk & Plaid CEO Zach Perret on Fintech Outlook 01/24/23

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 24 January 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show previewing Microsoft’s earnings after the bell with CNBC’s Steve Kovach and New Age Wealth Advisors Co-Founder Todd Gordon. Then, Mizuho Managing Director Dan Dolev outlines his bear case for Coinbase, and our Julia Boorstin reports on Verizon’s latest quarterly results. Next, Guggenheim Securities Senior Managing Director Eric Mandl offers his outlook for tech M&A, and CNBC’s Bertha Coombs covers Amazon rolling out a new prescription drug perk for Prime subscribers in the U.S. Later, Plaid CEO Zach Perret joins for a look at fintech in the year ahead.

Transcript

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0:00.0	I'm Carl Quintanilla. You're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:06.7	This hour storm clouds on the horizon from Microsoft. Why investors are bracing for a slowdown in Azure.
0:13.2	We'll find out more soon, of course.
0:15.0	This dropped call for Verizon.
0:16.7	Shares are making a mid-morning turnaround,
0:19.0	despite some soft guidance as the Dow goes green.
0:21.7	Later, a holding pattern for FinTech, the stocks you want to
0:24.9	have in your portfolio with the CEO of Plaid, D.
0:28.7	Good morning Carl. Let's take a look at the markets right now. Stocks, as David
0:32.4	and Morgan were saying,
0:33.2	they are off their lows,
0:34.7	but struggling to build on back-to-back gains.
0:37.0	You have the S&P 500 and the NASDAQ composite,
0:39.5	slightly in the red, the S&P 500 above that 4,000 level and the Dow industrial is just poking its head
0:45.1	into the grain earning season.
0:47.0	It is in full swing.
0:48.3	It was in full swing this morning with 3M Verizon, Lockheed, Johnson and Johnson, Union Pacific among the major names to report and we did
0:55.4	see a number of those names being halted mid-morning due to technical issues that the New York
0:59.3	Stock Exchange, John.
1:00.3	Yeah, D. and we're going to kick off today with Microsoft, the Tech Giant reporting
1:04.4	fiscal second quarter earnings this afternoon.
1:07.2	Revenue expected, be about in line with guidance, the stock facing pressure though outside of the
	...

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