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TechCheck

Previewing Apple’s Worldwide Developers Conference, Layoffs Sweep Across Tech & Autonomous Robo-Taxi Service Gains Approval in San Francisco 6/3/22

TechCheck

CNBC

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

4.566 Ratings

🗓️ 3 June 2022

⏱️ 50 minutes

🧾️ Download transcript

Summary

Our show begins with President Joe Biden delivering remarks on the May jobs report before our anchors share highlights from interviews with HashiCorp CEO Dave McJannet, PagerDuty CEO Jennifer Tejada and Samsara CEO Sanjit Biswas offering their outlook after delivering Q1 results. Then, BMO Wealth Management Chief Investment Strategist Yung-Yu Ma joins with his thoughts on the volatility in tech, and CNBC’s Steve Kovach breaks down the latest on Apple as the tech giant gets set to kick off its annual Worldwide Developers Conference. Later, CNBC’s Kate Rooney covers layoffs and hiring freezes sweeping across the sector, and CNBC’s Phil LeBeau reports on autonomous vehicle company Cruise gaining approval to offer a robo-taxi service to paying riders in San Francisco. 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

You're listening to Tech Check in progress.

0:03.0

The super wealthy and big corporations, like the 55 major corporations that don't pay a single penny in taxes, even though they had $40 billion in profits.

0:14.0

The point is this, I'm doing everything I can in my own to help working families during this stretch of higher prices.

0:23.6

I'm going to continue to do that.

0:25.8

But Congress needs to act as well.

0:28.5

We can do so much more if we come together to lower the cost for American families.

0:33.2

But my congressional Republican friends led by Rick Scott have a different approach.

0:38.3

He's actually introduced the plan.

0:39.6

He wants to raise taxes on working families by an average of $1,500 a year.

0:45.2

Put Medicare and Social Security, Medicaid, excuse me, Social Security and Medicaid on the chopping block every five years.

0:53.7

In other words, every five years they're going to no longer exist unless they vote them back into existence.

1:00.3

I disagree with that. What in God's name are you doing?

1:03.8

And I'll work with anyone, Democrat, Republican, Independent, to deliver real solutions and real savings for the American people.

1:10.5

Not take money out of their pockets.

1:13.2

Now, the other element I like to address that has impacts on inflation is to lower the deficit.

1:20.9

The reason this matters to families because reducing the deficit is another way to ease inflation.

1:26.9

My friends on the Republican side like to paint me as the big spender.

1:30.7

But let's look at the facts.

1:32.8

Facts matter.

1:34.6

Under my predecessor, the deficit exploded, rasing every single year he was in office.

1:40.8

Under my plan, we're on track to cut the federal deficit this year by $1.7 trillion.

1:49.6

Hear me now? This year, by $1.7 trillion. That's a fact. The largest decline in American history.

...

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