Twitter and Elon Musk Reportedly Near a Deal, Previewing This Week’s Big Tech Earnings & Finding Opportunities in Semiconductors 4/25/22

TechCheck

CNBC

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

4.8 • 56 Ratings

🗓️ 25 April 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors start today’s show on reports of Twitter nearing a deal to accept Elon Musk’s purchase offer, with insight from Verge Editor-in-Chief Nilay Patel. Then, Goldman Sachs analyst Eric Sheridan previews this week’s big tech earnings, and Mark Asset Management CEO and Managing Partner Morris Mark breaks down the underperformance of FAANG stocks in 2022. Later, CNBC’s Mike Santoli looks at the Nasdaq amid the broader market sell-off, and Citi analyst Christopher Danely weighs in on opportunities in the semiconductor space.

Transcript

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0:00.0	I'm Carl Cantonilla. You're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:06.8	Good Monday morning. Welcome to Tech Check. I'm Dearder Boza with John Fort and Julia
0:10.5	Borston. Today a volatile day for text talks already the Nasdaq
0:14.3	still on a three-week losing streak down more than 20% from its November high
0:18.2	so where's the bottom? Then Twitter reportedly mirrors a deal to sell itself to Elon Musk.
0:24.1	The very latest on that developing story and why
0:27.1	RIP Twitter is trending.
0:29.1	And later, Apple, Amazon, Microsoft set up for a huge week of tech earnings. We will tell you how to
0:33.6	trade it amid this volatility this hour. Don, welcome back by the way.
0:38.0	Thank you and we've got to start of course with Twitter shares are up almost 3% on news that a deal with
0:45.0	Elon Musk might be close but hey this might be a case of be careful what you wish
0:50.5	for Julia right because he's got to make some interesting leverage moves
0:54.7	to make this work.
0:57.7	And yes, interesting indeed.
0:59.2	And of course, there are so many implications
1:00.9	for the rest of Elon Musk's company but just honing in on
1:03.9	Twitter right now shares are up nearly 3% on those reports that the company is
1:09.8	nearing a deal with Elon Musk. A source closed the situation
1:13.4	tells me that the board met yesterday to discuss Musk's offer now
1:17.2	that he has secured 46.5 billion dollars in financing and then
1:21.8	Twitter's board reportedly negotiated with Musk late yesterday into the night.
1:26.8	A deal between the company and Musk could be announced as soon as today,
	...

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