The one where Alex and Natasha catch the Equity audience up on SVB

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 13 March 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This is Alex and we are here to do our Monday show, a kickoff for the week that covers startup news, tech news and a little bit of the money that powers both. Given how bonkers the last few days have been, this is not a normal show. Sure, we're talking money up top, but I also dragooned Natasha into running us through her amazing reporting from over the weekend on all things SVB. (Please excuse the Friends joke in the headline, we are very tired!) Here's what we got into: The stock market is suffering around the world, kinda. In the United States things when we recorded were somewhat positive. Since, shares have sank some. Put simply, the equity markets don't know how to trade the news. And it shows. Cryptos, in contrast, have had a great last day. From the news docket, Qualtrics' deal to sell for $12.5 billion is a go, and Rivian might get a little bit of breathing room from Amazon. And then Natasha and I dug into SVB. The first warning signs, the fear, the takeover, and the resolution. And then there's this. The story continues, expect a busy week and perhaps a few more to boot. Equity will be back shortly, but in the meantime check out our upcoming TechCrunch Live that just got a bit more spicy. For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday and Wednesday, and at 6 a.m. PT on Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotifyand all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome back to Equity, the Tech Runch Podcast, where we unpack the numbers and the
0:16.0	nuance behind the headlines.
0:17.7	It is March 13, 2023, and as far as Mondays go, this one has been insane.
0:23.0	We are coming off one of the busiest news periods in my entire career as a journalist covering
0:27.6	startups and venture capital.
0:29.4	There is a ton to get to so I did bring in Natasha Mosquinus to chat about that towards the end of the show.
0:34.4	However, we do have a couple of things to hit first so I'll take care of those, then we'll bring it on and we'll do all the
0:39.6	S.B that your little heart can take. Now before we jump into the actual news though, one
0:44.3	production note which is that I am hosting Tech Runched live this week on Wednesday. We have Ariata
0:50.2	Huffington from Thrive Global and we have Mamoon from Kleiner Perkins. We're going to talk about her
0:55.0	her company, VC and all that, and I presume as well
0:58.8	what's been going on with SGB and their reactions to it.
1:01.8	So that show just got a whole lot more fun it was already
1:04.9	going to be great but we'll see you on Wednesday for that now the news and
1:10.9	and we're gonna kick off this episode of Equity Monday with our usual look at the world of stocks.
1:18.0	Over in AISA shares have been mostly mixed, some indices are up, some indices are down, then in Europe it's pretty much
1:25.0	read across the board, shares took massive hits, I'm seeing two, two and a half percent
1:29.3	drops at major indexes there, it's not good. So you might think that here in America, very close to the recent crisis, stocks would also be down, but, ha ha, they are not. So why is that? Well, it seems that given the recent chaos, investors are now betting that the American Federal Reserve,
1:46.4	our kind of Central Bank, will not raise interest rates as quickly as expected, and that's good for stocks.
1:52.4	So essentially bad news leads to less fed
1:55.1	tightening and that's good for shares sure it's a weird counter rally but that's
1:59.4	where we are and if you thought the stock market was pretty wild, just wait till you hear what's going on in the world of crypto.
	...

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