Spotify CFO Paul Vogel on Earnings, U.S. Weighs More China Export Restrictions & The Bear Case for Paramount 01/31/23

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CNBC

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

4.5 • 66 Ratings

🗓️ 31 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with CNBC’s Dom Chu breaking down a barrage of earnings moving markets to start the morning, and Spotify CFO Paul Vogel discusses the music streamer’s fourth quarter. Then, CNBC’s Kayla Tausche reports on the U.S. weighing more China export restrictions, and CNBC’s Kristina Partsinevelos previews chipmaker AMD’s results after the bell. Next, Macquarie analyst Tim Nollen explains why he downgraded Paramount, and Wedbush Securities Managing Director Sahak Manuelian joins with his top semiconductor picks. CNBC’s Phil LeBeau also looks at General Motors announcing an investment in a lithium company as the EV price war ramps up. Later, Mighty Capital Founding Managing Partner SC Moatti shares her bull case for Meta, and CNBC’s Eamon Javers covers former Google CEO Eric Schmidt’s appointment to a new federal biotech commission. 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	I'm Carl Quintanilla. You're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:08.9	Good Tuesday morning. Welcome to Tech Check. I'm Carl Quintatonier with John Ford and Deardosa.
0:13.2	Today a Spotify surge and exclusive with the CFO on these blowout results and these recent
0:19.0	job cuts coming up next. Then a Huawei halt, Biden considers cutting the Chinese chipmaker off of US suppliers.
0:25.0	Later on, pretty good morning for GM. Record earnings and a stake in lithium driving. That's stock hierarchy.
0:32.0	We're going to get to all of that. Let's get a check. in lithium driving that stock hierarchy.
0:33.0	We're going to get to all of that.
0:34.0	Let's get a check first on the market.
0:36.0	Stocks they do look to rebound from yesterday's losses.
0:39.0	Take a look right now, the Down industrial's up about a quarter of 1% but it's really the
0:42.3	Nasdaq that is the
0:43.2	outperformer here up just more than 1% it's the EV makers loose at Tesla
0:48.0	Rivian leading the way there. The markets have so far posted a strong start
0:51.9	to the year after the worst year for stocks since 2008.
0:55.0	The Dow is up nearly 2%. The S&P on pays for its best months since 2019 and the NASDAQ?
1:01.0	Listen to this, it is up 9% this month alone
1:04.7	and that would make it the best month since July, John.
1:07.2	And of course it's going to stay that way.
1:09.0	Well, we'll see.
1:10.4	Today's move being driven by a lot of earnings nearly every sector this
1:14.4	morning from fast food to machinery and energy while the industries might be
1:18.4	different inflation and pricing continued to dominate the conversation.
	...

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