Tech Stocks Slide to Start 2022, Goldman Sachs’ Top Software Picks for the Year Ahead & New York Times CEO Meredith Kopit Levien on Plans to Acquire The Athletic

TechCheck

CNBC

Disruptors, Cnbc, Investing, Tech, Management, Business, Technology, Faang

4.5 • 66 Ratings

🗓️ 7 January 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show looking at the Nasdaq on track for its worst week since November, with insight on the downturn from Pacaso and Zillow Co-Founder Spencer Rascoff. Next, we talk software with Goldman Sachs analyst Kash Rangan, who delivers some top picks for the year ahead including Microsoft, Salesforce and Adobe. Then, our Jon Fortt brings us his interview with Abbott Laboratories CEO Robert Ford, who highlights the biotech firm’s latest wearable health products and demand for its at-home COVID-19 tests. Later, New York Times CEO Meredith Kopit Levien visits after the newspaper announced plans to acquire sports media giant The Athletic for $550 million. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Deerreboza, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Welcome to Tech Check. I'm Carl Kintanilla with John Ford and Dear Robosa.
0:29.3	We are awaiting some comments from the president on this morning's jobs number. When that happens, of course, we'll take either live.
0:35.3	First, though, tech's wild ride continues almost 40%
0:38.9	of the NASDAQ is now cut in half is now the time to start buying or is more pain ahead we're
0:44.4	going to discuss it plus we're a week into 2022 and the top picks just won't stop coming we've got
0:49.6	new ones on software the cloud from wall street's favorite names. And finally, tech check is welcoming the
0:55.8	weekend with a bunch of CEOs, an exclusive with the CEO of Abbott Labs and New York Times
1:01.1	Head, Meredith Koppett Levian later on this hour. We're going to start, though, with this week's
1:05.6	tech sell-off. The NASDAQ is on pace, as you know, for the worst week since November. Roughly
1:10.2	four out of ten companies
1:11.3	on the index have been cut in half. The reason downturns spurred in large part by rising yields.
1:17.3	And our next guest says, put on your hard hats. It is going to get ugly. Here to discuss 75 and
1:23.5	Sunny General Partner Picasso and Zillow co-founder Spencer Raskoff. It's great to have you back, SP.
1:28.9	All right, so how ugly?
1:31.4	Well, you know, first, you have to put things in context, right?
1:37.9	By the way, can you hear me okay or is there an echo?
1:40.4	Is it all right?
1:43.7	So, okay. You got me, Spencer? Yeah, I've got you, Carl. all right? So, okay.
1:44.8	You got me, Spencer?
1:46.4	Yeah, I've got you, Carl.
1:47.7	Sorry, there was some technical difficulties here.
	...

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