Tech Check-In: Cathie Wood & Eric Schmidt 6/28/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 28 June 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

As investors come to terms with a recession and the tech markets weather a downturn, we turn to legendary tech voices Cathie Wood and Eric Schmidt for guidance. Cathie Wood, founder of Ark Invest and a famous innovation bull, shares lessons from last year’s profits and losses. She maps out the biggest problems facing companies today, including inflation and supply chain issues. Eric Schmidt, former CEO and Executive Chairman of Google, joins from the Aspen Ideas Festival to share lessons from his past with a new generation of investors facing their first market downturn. He discusses competition with China, the promise of Web3, and the ebbs and flows of economic cycles as we face a recession. In this episode: Cathie Wood, @CathieDWood Eric Schmidt, @ericschmidt Becky Quick, @BeckyQuick Andrew Ross Sorkin, @Andrewrsorkin Brian Sullivan, @SullyCNBC Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pot.
0:08.0	The one and only Kathy Wood, the widely followed technology investor on where she's looking for returns and what she and maybe everybody might have missed.
0:17.5	We think we're in a recession and we think a really big problem out there is inventory.
0:22.1	We're talking about the best managed
0:24.0	companies in the world. If you're talking about Walmart and Target, they have
0:27.6	problems. We think there are a lot more problems. And another key name in
0:31.9	tech Eric Schmidt, the former Google CEO turned venture capitalist on big tech's stocks dumbles.
0:38.0	The tech industry makes its own weather and we made too much of a storm. We got a little ahead of ourselves and it's a correction.
0:44.0	Two top guests talking corrections, making money and crypto carnage.
0:49.0	Can't leave that out on this Tuesday, June 28, 2022.
0:53.0	A special Squawk Pod begins right after this.
0:57.0	This is Squawk Pod from CNBC.
1:04.0	Good morning everybody.
1:06.0	Welcome back to Squawk Box here on CNBC.
1:08.0	We are live from the NASDAQ market site in Times Square.
1:11.0	I'm Becky Quick.
1:12.0	Andrew Ross Sorkkin is also here. Well, here not
1:15.6	physically but here in spirit. He's at the Aspen Ideas Festival in
1:18.7	Colorado. Joe is off today. Andrew got a lot going on up there.
1:23.1	How are you?
1:23.6	Hey there, what a first two green.
	...

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