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Equity

Please re-xeet this podcast episode

Equity

TechCrunch

Business, News, Technology, Business News, Entrepreneurship

4.2372 Ratings

🗓️ 24 July 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Here’s the rundown from this morning: Stocks are mixed around the world: Chinese equities sold off while American shares were set to rise at the open. A massive run of earnings this week should shake up the stock market for tech companies and their traditional brethren alike. In crypto-land, prices are back to where they were pre-XRP decision. I don't know what to make of that, but do know that Worldcoin is still a thing and is now actually out. Twitter's new brand: All hail X, I suppose. Musk's work to defenstrate what we all knew about Twitter, the company is being rebranded to X, which the company intends to be a superapp of sorts. Cool if it works, embarrassing if not. Spotify is finally raising prices, and all I can say is thank god. It was getting weird to get all the world's music for what felt like a song. I want to pay more making the price hike welcome, if still far smaller than it should be. SF really is the new AI hub. Ahead we have Disrupt, which is taking up more and more of my time. See you there! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome back to Equity, the Tech Runge Podcast, where we unpack the numbers and nuance behind the headlines.

0:17.0

This is Alex, good morning and happy Monday to you.

0:20.0

This of course is our weekly kickoff show where we look back at the weekend and take a peak at the week ahead.

0:25.0

Today is July 24th, 2023 and on today's show.

0:30.0

Well, it's earnings season, which means big names are dropping numbers this week and the next.

0:34.7

crypto prices have managed to come all the way back around, and also we have Twitter's new brand,

0:39.8

raising digital prices at Spotify, and where the AI jobs are and aren't.

0:45.0

All right, to work.

0:47.0

Starting as we always do with a look at the world of money.

0:52.0

Stocks in Asia were lower in China but up in Japan and South Korea.

0:57.0

And China concerns about major companies in its housing and construction market were partially to blame.

1:02.0

Shares were broadly lower in Europe today,

1:04.3

but stocks are set to rise in the US,

1:06.7

with green flashing for the Dow Jones Industrial Average

1:09.3

among other major indices.

1:11.6

Now, I mentioned earnings up at the top of the show and I was

1:14.0

absolutely 100% not kidding. So on Monday we have F5 on Tuesday you have

1:20.3

Microsoft Alphabet Visa, and Snap.

1:24.0

Then Wednesday is going to be Meta, aka Facebook,

1:26.6

Service Now, AT&T, and eBay.

1:29.2

And then Thursday, if we're all still standing,

1:31.2

we'll hear from Comcast, T-Mobile,

...

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