The European Union’s Big Tech Crackdown, Invesco Global Head of ETFs Anna Paglia on Semi Stocks & Streaming Services Take Center Stage at the Oscars 3/25/22

TechCheck

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

4.5 • 66 Ratings

🗓️ 25 March 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with Verge Editor-in-Chief Nilay Patel breaking down the impact of new European Union tech regulations on Apple, and Bank of America analyst Wamsi Mohan weighs in on reports that the company is developing a hardware subscription service. Next, Invesco Global Head of ETFs Anna Paglia shares her insight on increased investor interest in semiconductor stocks, and CNBC’s Dom Chu covers a series of growth stocks bouncing back from their lows earlier this month. Then, Neuberger Berman Portfolio Manager Jason Tauber joins to discuss his bullish position on Uber, and CNBC’s Steve Kovach offers a look at how the market could react to the EU’s latest big tech rules. Later, our Julia Boorstin reports on the potential for a streaming service to win ‘Best Picture’ at the Academy Awards on Sunday, and our Carl Quintanilla recaps his interview with “Super Pumped: The Battle for Uber” Showrunner and Co-Executive Producer Beth Schacter for a deeper dive into the corporate drama. 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 Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:11.0	Good Friday morning. Welcome to Tech Check. I'm Deirdreboza with Carl Kintania and John Fort. Today, a landmark new law in Europe and what it means for your iPhone,
0:21.4	why big tech is sweating over this regulation from the EU, then take your teeth out of the
0:26.5	fang and sink them into a mango. The street's latest acronym is all about chip opportunity.
0:32.6	And later, Binge is back with the showrunner of Super Pumped and we're live from the red
0:36.9	carpet ahead of the Oscars, Carl.
0:39.7	A big weekend ahead, D. Our feed, though, is going to start this morning with that agreement
0:43.0	on the EU's Digital Markets Act. Those rules set to take effect as early as October and will likely force Apple's eye messaging and meta's what's apt to become interoperable with smaller platforms, a potential peak inside
0:56.3	that walled garden, so to speak. Our friend Nele Patel went off on this on Twitter today,
1:01.2	saying tech company should have seen this coming a decade ago. Of course, Neely, the editor-in-chief
1:05.3	of The Verge, joins us this morning to kick off the hour. We said in the prior intro, Neelay,
1:10.3	that the big tech was sweating this.
1:12.3	Are they? Yeah, I think so. I mean, I think they're going to do what they can to walk back certain
1:18.8	provisions as the language gets negotiated between now in October. There's a furious lobbying effort
1:24.2	already underway. And I think they're going to come up with some solutions and see if they can fit them into
1:28.3	some loopholes.
1:29.3	That's pretty normal.
1:30.3	At the end of the road, though, you see the European Union saying, these markets need to be more
1:36.3	competitive.
1:37.3	And they are very forceful at that.
1:39.3	Executive Director of Vestager was on Decoder last week.
1:42.3	She was saying, look, the biggest tool I have here is
	...

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