Tech Moves Lower on Hawkish Fed Comments, Breaking Down Potential Disruptors in Healthcare & Plug Power CEO Andrew Marsh on Amazon Hydrogen Deal 8/29/22
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 29 August 2022
⏱️ 45 minutes
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| 0:00.0 | I'm Julia Borsden, and you're listening to CNBC's Tech Check. |
| 0:03.5 | Our show is live weekdays at 11 a.m. Eastern, listen in. |
| 0:09.8 | Good Monday morning. Welcome to Tech Check. I'm Carl Kinteneer with John Ford and Dear Robosa. |
| 0:14.3 | This doesn't happen to. We'll appear together at CNBC headquarters for the first time. |
| 0:18.8 | You wouldn't believe what D&I had to do to get Carl's here. |
| 0:21.6 | You had one, you cut the corn. |
| 0:23.6 | Today the bears are out and they're coming for tech, |
| 0:26.6 | why one analyst says we are still set up for a rally. |
| 0:30.6 | Amazon and the CEO plug power on that acquisition and their healthcare ambitions. |
| 0:34.6 | Later on, Apple files a trademark, Pinduodoo surges, and Netflix considering a pricing change. We begin today with the tech stocks getting crushed. Once again, the NASDAQ is down by more than a percent following Hawkechage comments from the Fed Friday. Guys, we are right around session lows, only six points off of it for the NASDAQ. And, you know, on Friday, Carl, I know you were off. |
| 0:54.7 | The markets actually rallied for a brief moment, as you know, right after that hawkish speech. |
| 0:59.6 | And there was this thought that maybe markets had come into more alignment with the Fed's speech right after. |
| 1:05.1 | But there's room to go. |
| 1:06.3 | And the question is, how much more does it have to do? |
| 1:08.8 | We got a big week of earnings, too. |
| 1:10.1 | That will give us some direction and of course the jobs report on Friday maybe some of this is just catching up I mean the |
| 1:15.2 | Fed officials were trying for a long time it seemed to talk the markets down and it wasn't working at |
| 1:22.1 | all remember Mary Dale even talked to me about it and you know at, right? Like, we're not just talking to the economics reporters. |
| 1:29.7 | You're talking to the tech anchors as well. |
| 1:32.8 | You're really trying to get a message out there. |
| 1:34.7 | But seriously, we're going to get some more data this week |
| 1:38.5 | that I think will be interesting from some growth-oriented names. |
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