Onsemi CEO Hassane El-Khoury on Earnings, Previewing Uber’s Results & Anchorage Digital Announces Partnership with Apollo Global Management 10/31/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 31 October 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with CNBC’s Mike Santoli taking a deep dive into the market setup for the week ahead, and 645 Ventures Co-Founder Nnamdi Okike shares his insight on big tech’s growth story. Then, our Julia Boorstin looks at growing concerns about misinformation and hate speech on Twitter since Elon Musk bought the platform, and Onsemi CEO Hassane El-Khoury discusses the chipmaker’s Q3 results. Next, Citi Managing Director Ron Josey previews this week’s earnings from Uber and DoorDash, and CNBC’s Eunice Yoon covers reports of Foxconn employees fleeing a Covid lockdown at one of the electronics manufacturer’s plants in China. Later, Anchorage Digital Co-Founder Diogo Mónica breaks down the crypto asset platform’s new partnership with Apollo Global Management. 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 Check. Our show is live weekdays at 11 a.m. Eastern, listen in.
0:09.4	Good Monday morning. Welcome to Tech Check. I'm Carl Kintania with Deerboza, John Ford, and Julia Borsten.
0:14.3	Today, the NASDAX is on pace to break a two-month losing streak, despite some pretty ugly results from the likes of Amazon, Meta, and others, as you know.
0:22.4	Ken Stocks continue to rally into year end. We're going to discuss it. Right now, the NASDAQ,
0:26.7	a quarter percent off the session lows. CEO of Aung Semis with us on the heels of their results.
0:31.9	We'll also look ahead to AMD and Qualcomm later on this week. And finally, the street going
0:36.5	opposite directions on Roku and Paramount today.
0:39.7	Julia is going to break down some of the sell side calls that we got earlier this morning, John.
0:44.2	All right, Carl, let's start with the market setup for the week ahead.
0:48.4	A lot of semiconductor names headlining this week's earnings, as you mentioned.
0:52.0	Let's bring in Mike Santoli.
0:53.9	Who's got more on how we're trading's bring in Mike Santoli, who's got more
0:54.7	on how we're trading. Hey, Mike.
0:57.6	Hey, John. Yeah, well, in the past week or so, we're trading without much mercy for any
1:01.7	companies to disappoint, as we've seen pretty starkly with Microsoft, Amazon, some of those that
1:07.0	you mentioned. But it's really been a story of discernment, too, between those companies
1:11.6	that are disappointing and still do have two expensive valuations for not being reliable and
1:17.5	the rest of them. Here you have Apple trading on a year-to-date basis right in line with what's this.
1:22.5	That's not another tech stock. It's not part of the NASDAQ. It's the low volatility S&P 500 ETF, the stocks that have
1:29.4	demonstrated the lowest volatility of all the index members. So it's really the stability
1:34.6	premium that's been driving Apple. It's not because growth has been fast. It's been because
1:38.4	it's reliable and financially they are obviously very sound. Now, you have the NASDAQ 100,
	...

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