Microsoft Unveils New Surface Products, The Case for VR in Elder Care & TripActions CEO Ariel Cohen on $300 Million Funding Round 10/12/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 12 October 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show with Morgan Stanley Chief Investment Officer Mike Wilson offering his outlook for equities through the rest of 2022, and Evercore ISI Head of Internet Research Mark Mahaney discusses current valuations across big tech. Next, CNBC’s Kate Rooney takes a deep dive into crypto regulations, and we take a deep dive into Microsoft’s new updates and Surface products with the company’s Corporate Vice President of Modern Life & Devices Yusuf Mehdi. Then, CNBC’s Dom Chu breaks down a slew of tech names hitting all-time lows this week, and Engine Gaming & Media Executive Chairman Tom Rogers makes his case for the use of VR in elder care. Later, TripActions Co-Founder and CEO Ariel Cohen joins after the business travel firm completed a $300 million funding round. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm John Ford. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:07.0	Good Wednesday morning. Welcome to Tech Check. I'm Carl Kintanilla with John Ford and Dear DeVosso.
0:11.2	Today, thousands of layoffs at Intel ahead of what most expect will be a brutal end of the year for technology.
0:18.1	We'll talk about the market reaction next. Then another public company taken private
0:22.3	as Vista Equity acquires Nob4 for just short of $5 billion. Later on, record loads for PC
0:28.3	sales not enough to deter this optimism at Microsoft. Their headed devices will join us
0:34.3	toward the bottom of the hour, John. Yeah, call, but we did get new inflation data this morning.
0:40.1	Numbers hotter than expected across the board, the NASDAQ coming off.
0:43.2	Five straight days of losses.
0:45.7	It's a little lower than flat right now.
0:47.4	Comes as mega cap names.
0:49.1	Continue to see weakness.
0:50.4	Microsoft, Meta, Amazon, all down 7% or more over the last week.
0:54.8	And then new today, a Bloomberg report that Intel plans to lay off thousands this month.
0:59.9	Cutting costs as CEO Pat Gelsinger pursues a turnaround with PC sales weakening and tough competition.
1:06.0	Earnings are October 27th.
1:08.2	For more context, Carl, Microsoft announced Surface Pro 9 line today. It's got arm chips
1:14.6	as an equal option. And of course, Apple's gaining share in the PC market with arm-based M1 and
1:20.1	M2 chips that are outperforming Intel in Macs. So squeezed from the sort of macro perspective and on share in PCs perhaps. Yeah, we're going to
1:31.4	start talking more and more, D, potentially in the weeks ahead on some of these markets where
1:36.0	the end market itself is weak and how much, literally how we can start quantifying their ability
1:41.6	to rein in cost as a result. Yeah, you can almost see that.
	...

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.