I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Good Tuesday morning. Welcome to Tech Check. I'm Carl Kintania with your DeBosa and John Ford, live from CNBC's fourth annual technology executive council summit here in New York City.

Today, NASDAQ seeing a nice pop as another

inflation print comes in lighter than expected where you should be putting your money this hour.

Plus, Walmart results giving some hope to retailers, but what about the rest of e-commerce and the

Q4 holiday spend? We're going to talk about that in a minute. And finally, like an old man chasing a chorus girl.

That's billionaire Charlie Munger's take on crypto investors this morning. We'll get his full

comments and the latest on FTX later this hour. First up, some new headlines out of the New York

Fed. We'll turn to Steve Leesman on that, Steve. Carl, thanks. Total household debt, according to New York Fed's quarterly

debt surveys reached a record $16.5 trillion. That, of course, a new record. It rose by

$351 billion quarter on quarter. That's the biggest increase since 2007. It looks like a combination

of demand, that is more demand for debt,

as well as inflation, are pushing up these numbers. Mortgage debt up by $282 billion, the biggest

increase in 2006. But credit card balance is also on the way, a surge by $38 billion. You have

to also, that was a large increase in 20 years. You also have to be concerned that there's a sign

of stress in here.

Overall delinquencies, the New York Fed says, remain low, but there's some early signs of increases in delinquencies. Giorgio, we just got to watch this to see, on the one hand, if debt is getting out of control here. On the other hand, what's happening to the asset side of the balance seat for consumers? Back to you. Steve, thanks so much. Of course, this all fits into the upcoming holiday season. With that, we're going to take a look at the consumer kick off the show there. Home Depot and Walmart beating estimates this morning, as the latter saw a big boost in its grocery business. And according to new data out of MasterCard, consumers are set to keep spending. They estimate double-digit growth for retail spending on Black Friday.

That said, there are some cracks in the armor, at least when it comes to tech.

Walmart's grocery gains offsetting, quote, softness and discretionary categories,

including electronics and Apple. We got those headlines supposedly offering a new and rare 10% discount for small businesses

who are willing to buy MacBooks in bulk

as they try to boost sales ahead of the holidays. Guys, we were trying to piece together the health

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