Sequoia Capital Unveils New Fund Structure, Previewing Apple’s Shareholders Meeting & Flexport CEO Ryan Petersen on Supply Chain Management Amid the Russia-Ukraine Conflict

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 4 March 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show looking at stocks sinking lower to start the day with CNBC’s Mike Santoli, and Sequoia Capital Partner Roelof Botha sits down for an exclusive interview as the firm unveils a new fund structure. Then, CNBC’s Steve Kovach and J.P. Morgan analyst Samik Chatterjee weigh in on Apple ahead of the tech giant’s shareholders meeting and upcoming product launch event. Next, CNBC’s Frank Holland reports on cyberattack concerns facing U.S. supply chain operators, and freight forwarding company Flexport CEO Ryan Petersen offers additional insight on how businesses are navigating supply chains amid the Russia-Ukraine crisis. Later, our Julia Boorstin covers Disney releasing a cheaper, ad-supported subscription streaming option this year, and CNBC’s Kristina Partsinevelos breaks down the impact of the conflict in Ukraine on the semiconductor industry.

Transcript

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0:00.0	I'm Deerreboza, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:28.1	Good friends. Good Friday morning. Welcome to Tech Check. I'm Carl Kintania with John Ford and Dear Grosso.
0:38.0	Today, volatility continues for stocks. The NASDAQ falling 2%. Losses on the year now at 15%. Plus a couple of chip names on the move after reporting results.
0:41.5	We'll break down the quarters from Marvell and Broadcom, a key iPhone supplier.
0:47.0	Speaking of Apple, the company holding its annual meeting today, a vote on Tim Cook's pay package coming.
0:50.5	Plus, we look ahead to next week's peak performance event.
0:55.7	Yeah, we're going to start with stocks. As Carl mentioned, the NASDA is lower by 2% now.
1:01.8	Let's bring on our Mike Santoli at the NYS. The Mike. Yeah, Dee, I mean, there's not really a lot of subtext so far this morning in terms of what's driving things. Clearly, the overarching
1:06.8	concerns shadowing the market and just, you know, this suppressant on risk appetites that's coming
1:12.1	out of the Ukraine situation. What's interesting is if you look at the top names in the NASDAQ, Apple,
1:17.9	Microsoft, Amazon, Alphabet, NVIDIA, all down 2% plus, essentially a very kind of synchronous
1:24.9	sort of percentage decline. Seems like it's all just just stepping back from risk running through the major indexes.
1:31.3	And so that's a little bit of a shift.
1:32.7	I mean, we had seen Apple, for one, hold up a whole lot better during this whole correction.
1:37.6	That for one day, at least, is not the case.
1:39.7	So it does tell you it's a macro market right now.
1:42.7	A couple things to keep in mind.
1:43.9	Just the level of
1:45.1	stress hormones running through this market, the high volatility index, and also just a lot of
1:50.2	anxiety about near-term volatility possibilities as opposed to those a few months out. So everyone's
1:56.2	clenched up. Credit markets are starting to soften up and get a little squirrely overnight
	...

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