Three C-Suite Perspectives on Results: Twilio CEO Jeff Lawson, Synopsys CEO Aart de Geus & Toast CEO Chris Comparato 2/16/23

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 16 February 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with CNBC’s Steve Liesman reporting on New York Fed data showing an increase in household debt, and CNBC’s Kristina Partsinevelos covers a few companies that could become profitable sooner than expected. Then, Twilio Co-Founder and CEO Jeff Lawson breaks down the enterprise software firm’s earnings sending shares higher, and our Julia Boorstin looks at quarterly results from Roku and Paramount. Next, Synopsys CEO Aart de Geus breaks down the chip designer’s latest earnings and shares his outlook for the broader semiconductor space. Later, Toast CEO Chris Comparato joins after the restaurant fintech company posted a beat in Q4, and our Jon Fortt shares highlights from his Fortt Knox update with NerdWallet CEO Tim Chen. 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 John Ford. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:09.2	Welcome to Tech Jack. I'm Carl Quintanilla along with Your Dubosa and John Ford today.
0:13.6	Ahead we're going to speak with the CEOs of three big movers today, Twillio,
0:17.4	surging on earnings in this buyback announcement, synopsis guiding below as the
0:21.8	chip sector does remain challenging and
0:23.8	toast gets burned down 20 plus percent after a wider than expected loss
0:28.6	and opening the door for more gains door dash up 43 percent this year ahead of its earnings after the bell.
0:34.8	We've got a preview, very busy session on the micro and the macro deep.
0:39.3	It is indeed, and we begin with a look at today's markets.
0:42.0	Investors are digesting that harder than
0:43.6	expected PPI report, weaker than expecting housing numbers, and hawkish
0:47.5	commentary from Fed President Mezter. The losses across the board with every
0:51.6	sector lower, although as David Faber just said we are well off the lows. across the On the flip side though yields are shooting higher with the 10 year back about 3.8 percent
1:05.1	We are now getting some news out of the New York Fed. Let's get over to Steve Leisman
1:09.2	Steve.
1:10.2	Steve.
1:11.2	Thanks to you, yeah, the New York Fed in its fourth quarter household debt and credit report,
1:15.8	reporting that debt surged by $394 billion in the fourth quarter.
1:20.9	That is the largest increase in two decades.
1:24.3	Breaking it down, mortgages up a strong $254 billion.
1:28.3	Credit cards up $61 billion, the largest quarterly increase in the history of the survey going back to 1999
1:34.2	auto loans up and student loans as well. Now as far as delinquencies they did
	...

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