I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Happy Friday. Welcome to Tech Check. I'm John Fortwood, Deut. Joposa and Carl Kintania. Today, where are we in the repricing of tech? Consumer sentiment data today beat expectations calming some fears of a recession, but

today's gains not yet enough to save the NASDAQ from another week in the red, but it's

still early. Meanwhile, analysts have seen enough cutting price targets across the board, and today

we'll take a look at some important calls on Microsoft, Apple, and Netflix, which reports Tuesday.

And the private markets continuing to feel

the same heap. More on Stripes, $20 billion valuation cut this hour, and what that says about

investor expectations, Carl.

Guys, we're going to kick off today's feed with a look at the consumer on this week full of

data points. Despite some hot inflation and higher producer prices.

The metrics earlier in the week, July retail sales did beat estimates as well as consumer sentiment, although sentiment does remain near all-time lows.

Probably most important, D, this morning, is a look at the inflation expectations on five year in UMish,

28, which the estimate was for three, the prior was 3-1, the peak was 3-3, so directionally

consumers are beginning to get the sense that maybe prices don't inspire a lot of control

and that has big implications for the Fed. Yeah, so key what the consumer is thinking here.

I go back to what Jamie Diamond said yesterday.

He said a lot of different things, kind of through the kitchen sink into his comments.

But on the consumer, he said they're entering this recession with less leverage.

So they're in pretty good shape, especially relative to other downturns.

So maybe that hope that it's not going

to be as harsh as previous recessions, that the Fed may be able to pull off that soft landing, John.

There's also those prime numbers that were better than expected. So it feels like consumers can

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