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Equity

Why you have to pay attention to the public markets this week

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 25 July 2022

⏱️ 9 minutes

🧾️ Download transcript

Summary

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest and most interesting technology, startup and markets news. Sitting as we are on the precipice of a huge data dump, we had lots to chat through! Stocks are mixed around the world, while crypto selloff modestly after some recovery gains. In general, the value of securities are down in recent weeks and months, and now, frankly, quarters. This is Earnings Week: Yes, friends, get ready to hear from Alphabet and Amazon and Meta and Microsoft and Apple. The Big Five are reporting this week, providing us a glimpse into the health of a host of businesses. Recall that we have seen the major slow hiring lately, perhaps a harbinger of the (meager) feast to come? Cartona is building something neat in Egypt, TechCrunch reports. And there is still venture capital money flowing in China, despite, you know, all the stuff going on there. Zomato is sinking, Voyager is biting the hand that wants to feed it at least a little, and it turns out that the grocery delivery war is only heating up. No live show this week, just three episodes! Hang in there we got you! Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. 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

Click on a timestamp to play from that location

0:00.0

Hello and welcome back to Equity, the Tech Lunch Podcast,

0:03.0

where we unpack the numbers and the new ones. And welcome back to Equity, the Tech Lunch Podcast,

0:13.0

where we unpack the numbers and the nuance behind the headlines.

0:16.0

This is Alex, it is July 5, 2022, and we have an action-packed week ahead of us.

0:21.0

Let's talk about it. Kicking off with my favorite thing in the world, the stock market.

0:28.0

Taking a look around the world in Asia, stocks are lower, in Europe this Monday stocks are higher and here in the US stocks are set to rise to kick off a very very important week more on that in just a moment

0:39.4

In the world the crypto well major cryptocurrencies have lost some ground in the last 24 hours,

0:44.8

but Bitcoin is so comfortably over the $20,000 mark

0:47.7

at about $22,000 more or less this morning.

0:50.4

Eeth, the token associated with the Ethereum blockchain is still around the $1,500 level after a recent rally off that kind of $1,000 floor.

0:59.0

NFT volumes as far as we can tell remain modest this morning compared to prior highs and what's going on in the world

1:05.0

of Defy TVL well perhaps that data point has found a new floor we do need to look more

1:10.4

into that but you know it does appear obvious. Keep in mind also that

1:13.9

crypto regulation and the status of tokens as securities or not is back in the news as

1:18.1

of last week and that is going to be key to the world of crypto for the next several

1:22.0

years.

1:27.2

Welcome to Earnings Week. This week we will hear from all of the largest American technology firms,

1:30.8

including Apple and Amazon,

1:33.0

Alphabet, Microsoft, and Meta.

1:35.4

If I'm not wrong, their results are going to be super key

1:38.0

for setting technology sentiment,

1:39.5

so it matters for everybody.

...

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