I'm John Ford. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Good Tuesday morning. Welcome to Tech Check. I'm Carl Kintanio with Deerbosa and John Ford.

Today a deep dive on the consumer. And what that means for your money, targets warning of shrinking profits from that unwanted inventory. We have the

impact on Amazon and some other retailers. Plus, can Apple reestablish itself as a safe haven for

investors after that worldwide developers conference? We'll talk about where to search for opportunity.

And then we're joined by the CEO of MongoDB Live from their Investor Day and the CEO of Get Lab. That stock surging after posting results. And that's not the only surprise in store today, Dee. Not at all. We have the perfect gas car to help us break it all down this morning. Jim Kramer joins us on set in San Francisco. I always love it when you come to visit. And I am so honored to be on your show, and everybody knows around the office that is my favorite show. I love tech, and there's no better way to find this, and I'm just delighted that you have me. Well, tech loves you. Whenever you come here, you have this amazing lineup. I watched Mad Money last night. The theme there was disappointment. And I know your first stay in San Francisco was marked by some disappointment. How has your second day gone and now third? Well, I'll tell you, David Faber previously was taking credit for a 1037 turn. What I like to say is that when you're not going to turn us around again, are you? No, when interest rates go down, suddenly people like tech. But I had service now last night, Bill McDermott, and he was really saying, look, this is nothing like 2008.

And it is a crisis of opportunity.

And then you may regard this as negative, but I have crowd strike.

And business is so good.

It's just, unfortunately, business is so good because of the bad guys.

They told a very good story.

So Deirdre, altogether, I would say that when rates go down, suddenly every story looks good, including Apple. And including some of the less profitable ones, too. I know that you also had Twilio, Jeff Lawson on. And this is a company that's not making money when you came here. You said, I want to talk to companies that are making stuff, doing stuff, making money. They're not yet. Thank you for that. A plan to get there, right? So when you see interest rates where they are, that has scared

everyone off from unprofitable companies, but you think maybe there's opportunity. Well, I mean,

Jeff, I find as a man of his word, there have been a couple of setbacks, but he did say,

listen, Jim, I promise you profitability in 2023. That's close enough now, dear Dr. That I think people say, you know what, this stock was at 412. Now it's at 100. Let's do some buy. And that's what's happening. John's got a question for you. Jim, great to have you. Big day yesterday for Apple, right, and for the vision

that they're laying out. It's such an interesting company in this inflationary environment where

consumers are spending more to get less, but also the high-end consumer still seems pretty strong,

and that's Apple's bread and butter. Also interesting, though, that they have this opportunity

to expand margins.

We saw them come out with the M2 chip in the MacBook Air and the MacBook Pro.

Next, they want to expand into wireless as well. What are your thoughts about how that positions

that company to maybe have control over its destiny with this vertical integration in this economy?

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