I'm Carl Kintanilla. You're listening to CNBC'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 Kintania with John Ford. Dear Durbos is off today.

Uber revving up guidance while turning cash flow positive for the first time. Shares enjoying their best day in a

couple of years, even with

the big loss.

Much more on what its results mean for investors ahead of Lyft and Airbnb later this week.

Pins is a story today piquing the interest of Elliott.

Stocks up double digits, despite growing concerns over ad spend.

Is Elliott's investment a reason for you to buy as well?

We will discuss. And then we'll look at some

opportunities across all of tech, the CEOs of OnSemi, Zoom info, and global payments with it this

hour. And we're going to monitor the situation in Taipei after Speaker Pelosi lands in Taiwan

a few moments ago. We'll get to all of that in a moment. But first, some breaking economic

data to get to. And for that, we'll turn to Steve Le Hey, Steve. Hey, good morning, Carl. Yeah, the New York Fed's household debt and credit survey showing that inflation is pushing up household debt. This stands to reason. As prices rise, the thing that you want to borrow for, that goes up in price as well. so you have to stretch and increase the size of the debt.

Household debt rising by $312 billion, a $16.1 trillion. The 8% increase is one of the bigger

ones we've seen. Last quarter was also in the 8% range. The biggest ones we've seen since

the 2007-2008 crisis. Driving this debt was credit card debt increasing by 13%. That is the most

in 20 years. Seems like consumers are out there increasing the balances on their credit cards.

Probably a bad idea if you want my personal advice. They're considering the high rates they're probably paying.

Now, delinquencies. This is what's watched to see. What is the level

of consumer credit stress out there? They remain low, but we are seeing an increase in this report

for delinquencies at the lowest, among the lowest income levels. Those were the lowest credit scores.

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