Nasdaq Hits an All-Time High, Google’s New Partnership with C3 AI & Former DOJ Antitrust Chief on Regulating Big Tech

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 1 September 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors start off today’s show with Wolfe Research Analyst Jeff Kvaal reversing his bear take on Apple as the stock hits an all-time high. Then, Bespoke Investment Group Co-Founder Paul Hickey joins to share his thoughts on the market as we kick off the first trading day of the month with a Nasdaq all-time high. We also have CNBC’s Eunice Yoon on China’s new data and cybersecurity laws going into effect today. Next, we hear exclusively from Google Cloud CEO Thomas Kurian and C3 AI CEO Tom Siebel on a new partnership announced this morning. Plus, CNBC’s Yasmin Khorram is live outside the courtroom with fresh updates on day two of jury selection for Elizabeth Holmes’ trial. Later, Former DOJ Antitrust Chief Makan Delrahim joins to discuss regulating Big Tech touching on South Korea’s new app store law and much more. Also, Rosenblatt Securities Analyst Mark Zgutowicz is here after he downgraded Facebook to neutral this morning. 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 Julia Borsden, and you're listening to CNBC's Tech Tech.
0:03.5	Our show is live weekdays at 11 a.m. Eastern, listen in.
0:25.9	Happy Wednesday, welcome to Tech Check.
0:27.5	I'm John Ford with Julia Borsden.
0:29.2	Carl and Deirdre are off.
0:35.1	Today, Apple's at an all-time high with one long-term bear turning around on the stock today.
0:35.8	Kind of.
0:36.9	He joins us in a moment.
0:40.5	And then our TikTok ads a better value than Facebook's.
0:42.7	Shares soft after a downgrade this morning.
0:44.6	We have that analyst as well.
0:49.7	And later, a monster partnership between Google Cloud and C3AI.
0:55.0	You can see C3 stock is up about 4% so far today.
1:00.7	You'll hear from both of those CEOs this hour in a CNBC exclusive interview.
1:02.3	But we start with Apple.
1:04.1	That's at an all-time high.
1:07.0	Our next guest just raised his rating and price target on the company,
1:10.4	citing growth in the U.S. and a rising market share globally.
1:16.9	Joining us now is the analyst behind that call, Wolfs Jeff Kual, a long-term bear on the stock.
1:17.4	And Jeff, also today we got news from Apple that this promised capability to store an ID
1:23.4	on the phone in a way similar to Apple Pay, but with, say, a state-issued driver's license
1:30.5	is beginning to roll out.
	...

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