Stocks Plunge and Coinbase Slashes 18% of its Workforce
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 14 June 2022
⏱️ 41 minutes
🧾️ Download transcript
Summary
Bloomberg's Emily Chang breaks down US stocks' latest losing streak, the longest since January. Plus, why Coinbase is cutting 18% of its employee workforce, and an exclusive interview with Cisco's CEO on all things cloud and market downturn.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental |
| 0:06.2 | leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th. |
| 0:12.8 | Title sponsor Amazon, Official Airline, Alaska Airlines. |
| 0:17.6 | Supporting sponsor, Providence. |
| 0:19.9 | Contributing sponsor, Wareyerhauser. |
| 0:22.6 | Get 40% off using promo code Radio 40 |
| 0:26.0 | at Bloomberg Live.com slash Green Festival. |
| 0:32.4 | From the heart of where innovation, money, and power collide, in Silicon Valley and beyond, |
| 0:37.0 | this is Bloomberg Technology with Emily Chang in San Francisco and this is Bloomberg Technology coming up in the next hour. |
| 0:59.0 | Stocks are set for the longest losing streak since January over concerns the Fed's aggressive |
| 1:04.3 | policy to combat high inflation will throw the US into a recession. Plus it is |
| 1:11.1 | another sign of a worsening crypto downturn. |
| 1:14.0 | Coinbase announcing it'll lay off 18% of its workforce |
| 1:18.0 | following other crypto companies that are also cutting staff. |
| 1:22.0 | And my exclusive interview with Cisco CEO Chuck Robbins on where he sees the economy headed |
| 1:26.6 | and how the company is navigating the downturn and supply chain pain. |
| 1:30.4 | He'll join me in an exclusive interview later this hour. |
| 1:34.0 | I do want to dive deeper now into the markets as we wait for the Fed's decision Wednesday. |
| 1:38.0 | Leo Kelly, CEO of Verdance Capital Advisors, joining us now to discuss. |
| 1:42.1 | So what are you expecting from the Fed tomorrow, Leo, and how is that impacting your strategy? |
| 1:47.0 | The Fed has to be aggressive. |
| 1:50.0 | There's no question about it. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

