Tesla Surges on Q4 Results, JetBlue CEO Robin Hayes on Earnings & Meta to Reinstate Former President Trump’s Facebook Account 1/26/23

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 26 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with CNBC’s Dom Chu covering the intersection of GDP and tech stocks, and Bernstein Managing Director Toni Sacconaghi takes a deep dive into Tesla’s latest results. Then, our Julia Boorstin breaks down Comcast’s fourth quarter, and JetBlue CEO Robin Hayes joins for a conversation on the airline’s earnings. Next, we analyze the state of M&A with CNBC’s Frank Holland and Madrona Ventures Managing Director Matt McIlwain, and CNBC’s Bob Pisani takes a deep dive into why Wall Street loves share buybacks. CNBC’s Kate Rooney also reports on financial services company Stripe moving closer to an IPO, and MoffettNathanson Partner Lisa Ellis shares her outlook for stocks in the payments space. Later, our Julia Boorstin looks at Meta planning to reinstate former President Trump’s Facebook and Instagram accounts. 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 Carl Quintanilla. You're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:08.7	Good Thursday morning. Welcome to Tech Check. I'm Carl Quintanilla with John Fort Deirdre Bosa. Coming up this hour, the growth debate,
0:15.0	earnings versus econ, some bearish commentary, some bullish data, what side of the market
0:20.8	should you be on? Then this Tesla turnaround shares are surging.
0:24.9	After record revenue and that beat on results,
0:27.1	stocks up more than 40% in 2023.
0:30.7	Later, an exclusive with the CEO of JetBlue, as they swing to profit.
0:34.6	Air travel demand returns post-pandemic.
0:37.0	We'll get his take on the consumer in just a moment, Dee.
0:40.5	Well, let's take a look at the market as investors digest a slew of earnings and economic data this morning.
0:45.0	Right now, as you can see, the Dow industrial is up about one-third of a percent, but really it's the NASDAQ that is continuing to be the outperformer, though coming off some of its earlier gains today.
0:55.5	Of course, Tesla is on a tear here.
0:57.8	Energy and consumer discretionary, those are your sector winners today.
1:00.8	Energy led by Chevron after announcing a huge share buyback on the
1:04.5	flip side the so-called safety trade risk-off trade moving lower with
1:09.1	consumer staples and health care lagging John. All right let's start with the deluge of data and earnings, the headline economic data.
1:16.8	Key-word headline here, coming in strong, durable goods surge, GDP beat estimates and
1:21.6	jobless claims remain low.
1:23.9	But on the earnings front, we're halfway through the season
1:26.2	and corporate America isn't painting the soft landing picture
1:30.0	that the econ data might be.
1:32.6	Dam Chu, can you sort through all this for us?
	...

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