Recapping Snap’s Q1 Results, Treasury Secretary Janet Yellen and ECB President Christine Lagarde on Inflation & Seismic Changes Hit Internet Stocks 4/22/22

TechCheck

CNBC

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

4.8 • 56 Ratings

🗓️ 22 April 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show covering social media firm Snap’s Q1 results, with insight from Guggenheim Securities analyst Michael Morris. Then, Treasury Secretary Janet Yellen and European Central Bank President Christine Lagarde sit down with CNBC’s Sara Eisen to discuss inflation, the Russia-Ukraine conflict and more. Later, ACME Capital Co-Founder and Partner Hany Nada joins for a look at the recent seismic changes in internet stocks, and CNBC’s Dom Chu breaks down a few factors driving the markets lower to start the morning.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Julia Borstin and you're listening to see NBC's Tech
0:03.2	Our show is live weekdays at 11 a.m. Eastern listen in
0:07.7	Good Friday morning. Welcome to Tech Check. I'm Carl Cantonio with dear
0:10.5	Devosa. John Ford is off today.
0:12.6	Today, Bend Don't Snap, a miss on sales and profit,
0:16.4	what results mean for consumer internet stocks.
0:19.4	And Disney's on thin ice.
0:20.6	GOP lawmakers confront the company
0:22.4	while the stock's near a 17 month low.
0:25.8	And then a special day here on C.N.C. do not miss our live interview with the Treasury Secretary
0:30.5	and the President of the ECB. That begins in just a few minutes deep yeah you definitely don't want to miss that one we are going to start though with snap and what results mean for the rest of the ad market
0:40.8	Meta Apple Twitter Amazon those are all up next week.
0:44.3	Julia Borsen with us to break that down and Julia, a lot of people taking away
0:48.1	from this quarter that this is a company growing its users faster than
0:51.7	Facebook and Twitter.
0:54.6	That's absolutely right, D. Snap's results show strong corporate fundamentals
0:58.8	and also very tough macro headwinds.
1:01.7	Snap added 13 million daily active users in the quarter.
1:04.5	That was 2 million more than analysts anticipated.
1:07.8	The company also forecasts the addition of more users
1:10.8	than expected for the second quarter, saying they see a range of as many as 13
1:15.6	million additions in the second quarter. That would be 5 million ahead of expectations.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.