Tech Selloff and Affirm Earnings
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 26 August 2022
⏱️ 43 minutes
🧾️ Download transcript
Summary
Bloomberg's Emily Chang breaks down the latest tech selloff on the heels of Jerome Powell's hawkish speech at Jackson Hole. Plus, why Affirm's stock tumbled even after posting earnings beating expectations.
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Transcript
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| 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. |
| 0:37.0 | From the heart of where innovation, money, and power collide, in Silicon Valley and beyond, this is Bloomberg Technology with Emily Chang in San Francisco and this is Bloomberg Technology coming up in the next hour. |
| 1:00.0 | Stocks Plunge after Fed Chair Jay Powell warns there is more paying to come for the economy. |
| 1:06.1 | The Nasdaq and the S&P posting their biggest one day loss in two months. |
| 1:10.5 | We're going to get a read on how a hawkish Fed will impact tech, venture capital, and more. |
| 1:15.0 | Plus, what does it mean for buy now pay later? |
| 1:18.0 | I'll ask a firm CEO Max's election with America's credit card debt nearing highs not seen since the financial crisis. |
| 1:26.5 | And flying taxis might not just be fodder for sci-fi anymore. |
| 1:30.3 | We're going to show you a company with hopes to get them in the air and soon. |
| 1:33.6 | Like 2024. |
| 1:34.6 | Kind of soon. |
| 1:36.6 | You want to dig deeper into what this means for tech and investing and bring in Steve Saracino, |
| 1:41.4 | founder and general partner at Activant Capital, a growth stage firm that focuses on commerce. |
| 1:47.0 | So Steve, just what was your reaction to these comments from Jay Powell? And how do you think it's going to impact markets |
| 1:55.2 | more broadly? |
| 1:56.2 | Yeah, well if you listen to his comments during his last speech it's pretty clear |
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