Microsoft’s Earnings Beat Street Estimates, WarnerMedia CEO Jason Kilar on Discovery Merger & Tech Mega-Cap Investment Opportunities

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 26 January 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show covering Microsoft’s latest earnings report, with insight from Citi Senior Equity Research Analyst Tyler Radke. Then, our Julia Boorstin sits down with WarnerMedia CEO Jason Kilar after AT&T posted results this morning and updated its timeline for the entertainment company’s merger with mass media firm Discovery. Next, Matrix Asset Advisors CIO David Katz joins for more on investment opportunities in tech mega-caps, including Microsoft, Alphabet and Meta. CNBC’s Kate Rooney also profiles the implications of the crypto crash on athletes, celebrities and public officials who requested their salaries be paid in digital currencies. Later, Madrona Ventures Group Managing Director Hope Cochran takes a closer look at Microsoft’s plans to acquire video game publisher Activision for $68.7 billion, and CNBC’s Eamon Javers delivers breaking news on the retirement of Supreme Court Justice Stephen Breyer. 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 John Ford.
0:00.8	You're listening to CNVC's Tech Check.
0:02.9	Our show is live weekdays at 11 a.m. Eastern.
0:05.9	Listen in.
0:28.4	Good. Good Wednesday morning. Welcome to Tech Check. I'm Carl Kintania with John Ford and Dear Robosa.
0:35.1	Today, 3-1% swings in just the first hour of NASDAQ trade. Where do you look to for buys?
0:40.1	Then Microsoft beating estimates yet again thanks to in the cloud from gaming to PCs.
0:43.0	We're going to break down of where things may be headed from here.
0:51.1	Finally, a check-in on the Bitcoin bandwagon after a slew of celebrities agreed to take their salary in Bitcoin during its rise.
0:54.0	As prices are cut in half, who pays that bill? That's coming up this hour, John.
0:55.7	Yeah, and checking in on the market stock on pace for their best day of the year so far, perhaps,
1:01.7	given the NASDAQ's recent performance, the index still down about 12% since the start of the
1:07.8	month and the year. That's its worst January performance on record ever. But we are seeing some life today with a bunch of yesterday's biggest losers
1:16.1	looking to claw back some games. That's cloud names, semiconductors, fintech, more, all up this morning,
1:24.0	D. It's a long session ahead of us, John, and we have seen some serious volatility.
1:28.9	Let's kick things off with Microsoft in the green this morning, helping power the NASDAQ higher after beating estimates.
1:34.7	Thanks to some big strength in the cloud, revenue for the overall segment coming in 32% higher year-over-year.
1:40.6	Azure growing by 46%. Also a huge number, but that is down slightly from last
1:45.1	quarter's 48%. Investors are also keeping an eye on comments around the company's planned
1:49.7	acquisition of Activision Blizzard as its subscription gaming service game pass hitting 25 million
1:55.5	subscribers, another double-digit growth area for the company. Choose your own adventure here, John.
2:01.5	Where do you want to go from this?
	...

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