>> brian >> yeah. a great show lots of earnings next week i'm going to play uber play the upside. >> mike? >> want to play the controversy in bud, use a call spread. that's the bud for you >> that does it for us back welcome to a special friday afternoon of text check. today the earnings deluge. tech companies doing mostly better than feared plus, a look at dealmaking and m&a activity and why partnership might be the key word in both media and tax. meta meta shares up 107% this year.

but first, earnings a big driver this week. let's bring in scale venture partners and task adventures to break down what we heard this week and what to expect next week. thanks for being on set with me today. >> glad to be here. >> we heard so many of these this week, microsoft, intel, google, meta meta. are these things connected with what we might he froamazon and apple? >> i think so, but perhaps in a different way. what was interesting about this week, the talk was all in advance about a i, the hope was revenue growth, it was it a great revenue growth. it was exactly what you described, better than feared. revenue growth, for a lot of people, flat to up single digits. everyone nailed it on the eps. and the street is happy. >> they did have 11% revenue at meta meta.

what do you think? >> i agree. even though the fundamentals are on how they got to the right eps, nonetheless, whether it is products like threads or whatever it is, there has been enough new stuff thrown into the mix with enough cuss codding cost-cutting to make the math work. >> what do you think about this capex cycle. even meta with the hear of efficiency talking about how it will continually spend more and more. how do you see that trend play out and how do you think it will impact what we hear from apple next week. >> i don't think anyone can stop spending that kind of capex. ultimately, if they are not on the cutting edge of whatever the newest thing is, at the moment it is a.i., but it was metaverse a year ago, it will

be something else in two years, you are not going to survive. they are so big and well capitalized and talented. as a result, there is an arms race that has to keep going. apple is a little different in that they are in a slightly different position. but overall, i don't think they're ever going to cut capex. >> i agree with that. apple does march to its own drum. it is the beauty of apple. amazon is competing toe to toe with google and microsoft. microsoft pushed another $10 billion across the table said, you know, maybe it is closer to 50 than 40 in the cloud space. it will be interesting to see how amazon response that. they have less freedom, which is more challenging. >> what is the question about a.i. , it is so capital-intensive.

>> i can be fundamental. one thing we have learned over the years in venture is that you have to say sometimes there is hype that turned out to be rubbish, but sometimes it turns out to be true. we are so good at re-californi . it is like the weather, always sunny and always high. >> what is your take on a i retail? >> it is a long-term trend. google is well-positioned. it is going to take a lot longer the people think, but it will be in a during twenty-year bet. they are playing it brilliantly . it is just going to take time. >> is a.i. driving efficiency or is it more about the consumer option and the idea of chatgpt? >> five or six years ago, there is a lot of a.i. for the consumer, but people did not see it as such. recommendation engines.

google started fundamental a.i. in the last 12 months, the interest in a.i. among the business community has exploded. we have been investing in various a ideals for six or seven years, but it is transformative right now. everything a board of directors wants an a.i. strategy. it is why the two are linked, the comment on consumer. chatgpt normalized a.i. everyone looks at that and goes, that is amazing. i have to get me some of that. that is going to change my work. >> is the a.i. hype priced in? where do you see us in the hype cycle? >> i think it is initially priced income and obviously, people got really excited about that. but overall, the impact it will have is so transformational that, you know, maybe the initial expectations have been priced in, but when you asked about, i

think the thing people aren't really talking about that we see in our portfolio is that there is not just a.i. companies like open a.i., it is that almost every new company we invest in and work with is using a.i. just as a fundamental tool to do their jobs. for example, a company called elaborate that prepares lab reports with an intelligent explanation for you. the use a.i. to prepare those reports, but when we invest in elaborate, we don't look at as an a.i. investment, we look at it as a digital health investment. everyone is excited about the fundamental transformational changes, and that is exciting, but there is also a much deeper a.i. as a tool used in every industry

. i think there is much more to come. >> we have been talking through a series called a.i. impact. we talk about how expensive the fundamental a.i. investments are. if that not only makes it very hard for the smaller startups to compete unless they are aligned with the tech giants, but whether or not you make the smaller public companies a challenge when it comes to competing because they don't have the billions of dollars in investment in the a.i. infrastructure. >> i think it is a question of where you play. i don't think anybody else will try to spend $50 billion to replicate a.i. it is so all pervasive nile, there are many different ways to leverage a.i. in your own business. ironically, some of the competition among the big cloud providers is improving cost- effectiveness. the trend is such that you can be relevant in the space for whatever software market you are attacking without having to spend that kind of money. for example, in the last 10 years, the public cloud has been dominated by amazon, google, and microsoft. there are hundreds of fast companies building on top of the public cloud and creating significant $100 billion market

cap companies out of that. i think it will be the same here. you have less open a.i. we all use it, thank you very much. it is a question of grabbing it and going to maybe in initiative in digital health or sales and marketing across the board in b2b. >> we're seeing it impact all these different industries. also ahead my, news that the ftc is set to sue amazon on several grounds as soon as next week, a suit that could seek a breakup of business in the trillion dollar empire. so many questions. what do you think the chances are of her being successful? >> there are a lot of hurdles you have to jump to get to that point. this was inevitable. the entire theory of the case, the chairman rose to prominence on a paper say that amazon

should be broken up. she gets the ftc jumper one of my responses was, hasn't it already been filed? this has been inevitable from the day she took the job, because this is the big bad. it is a novel theory. when lawyers hear novel theory, they think long time. i don't think this will be a quick and easy case to do. the record has been pretty mediocre. i think whatever happens here it will take two thirds of eternity. will put a lot of attorneys to very nice summer houses. amazon is not going to roll over and die on this one for a long time to come. i can't process if they prevail or not, but i do know there is common agreement, even among chairman lina khan that there is a novel theory. we are doing something totally new, i'm advocating this theory and will push it all the way.

it will be a long one. >> this will certainly be a career defining moment for lina khan, who very much established her identity with these arguments about how amazon machine argues, abuses its market power. i am curious if you think she has a shot at this, and also more importantly, what impact this action would have on the rest of the market. >> it is a novel theory. so who knows? but i have found her quite impressive. i would not underestimate her if i were amazon or anyone else. in terms of the broader market, there are two ways to look at a. who can compete with these companies? i invest in companies but the reality is, i can almost never invest in the company who tries to do what amazon or google or microsoft or anyone like that does, simply because they have so much market power that competing with them is not feasible. so i think, to me, the great concern isn't one of

fairness, it is that we need future innovations so that google, amazon, 2030 years from now they are -- i mean, there was a day where you could not imagine ford or general electric not being the best companies in the world, but they are not. that will happen eventually to the tech companies as well. why i have been supportive of the ftc efforts to real and big tech because investors like me need to not be so afraid to plug capital into potential competitors to the big platforms. if we don't invest in that and they don't get created, here is what we know will happen, eventually microsoft, amazon, google, all companies get slower and stagnant and bureaucratic and less innovative and more political. if you don't have the replacements underway, that is

a real problem for the economy. i think in the name of producing early-stage innovation competitiveness, it makes sense. >> i was just talking to a group of disruptor 50 ceos, and they were say the regulatory environment is so intense right now that even the specter of regulation could potentially hurt or kill their industry long before their companies can even get off the ground. a lot of these ceos see regulation happening earlier in the lifecycle of technology. we certainly heard a lot of talk about regulating a.i., perhaps because prior tech cycles such as social media were not very regulated. do you see this potential regulation by the ftc either impacting the market for public companies now, or changing the potential for some of your startups to get acquired? >> i think a lot of that gets

to, specifically, how the ftc messages this and talks about it. i had this conversation with them specifically, which is that there is the underlying actions they are taking, the underlying action against amazon may be right legally or from continuing to promote innovation, but they have to have a message that they are going after or have issues with these companies for these underlying reasons. we are not against technology, we are not against business. they have to show all the ways they are trying to help other companies be competitive. i think they're very good at showing the stick, but they're not showing enough karen. i think there doesn't have to be a negative impact on market, but i think the ftc, the doj, in the white house need to do a better job. >> i think you don't get half intervention from the government. i prefer not -- in this case, i

definitely prefer not to have any, because it is hard to compete with these big guys, but on the other hand, constantly stopping people from acquisitions, that is a viable alternative exit to a ipo, and it will get harder with this continual pushback and acquisitions from big tech acquirers. i remember the last downturn, we were glad to sell companies to microsoft during that period of time. he is right if they can do it in a fine-grained fashion, but a general, my observation is that that is not a core competence. i worry we get the law, stock and barrel of parole prohibition regulation. >> they would be happy to be regulated if they could be regulated the right way. that is always the question. we have to leave it there. they can both so much for joining us today. coming up, hollywood studios might be pulling the trigger on key contracts with writers sooner than expected. we will give you the latest.

we are just getting started on this tech check special. a media right arms race and the old rules don't apply. plus, it is a woman's world. the purse power that goes way beyond barbie when we returned on cnbc. >> ♪ old school wisdom, with a passion for what's possible.

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welcome back. next week we could see a major development in the writers and actors strikes and hollywood. variety reporting studios and streaming platforms are considering terminating some of their first look and overall deals with writers as soon as august 1. that is tuesday. these overall deals typically pay overhead for a writer or show writers company and then fund the development of new projects, some of the most high profile recent examples include shonda rimes, tyler perry, and ryan murphy. if this happens, it would mark an escalation in the standoff in the media industry and would illustrate studios taking an opportunity to cut costs. there deals already suspended. studios occluding warner bros. come amazon, and nbc universal are not paying these contracts right now, but if they are terminated, a number of existing relationships will be severed, and we could see a reshaping of the industry when production eventually returns. speaking of media, live sports has been the saving grace for media. it is expected to become even more valuable. amid a dearth of scripted

content this fall thanks to the strikes. sports is the glue holding traditional tv bundles together while also driving growth for streaming services who are paying out for sports rights, such as amazon prime video nfl games. the lion tree ceo has had a blockbuster deals with discovery and warner bros. and the purchase by amazon of mgm. i sat down with him to talk about the future of sports, media, and dealmaking. >> obviously, media has had a lot of crosscurrents and a lot of pressure of late, but sports is a bastion of hope, as is a lot of the creative industries right now, which i think is probably shifting back towards the positive side. sports is event driven content. not only is it transaction, transactional in nature, but also character driven. you have the must-see content in terms of the event, but also each player has its own brand. so you have followings per player. obviously, you have media strategies per player. that opens up new business models that we've seen. women

sports is coming up with a lot of tailwinds for the league and sports franchises. sports continues all across the ecosystem. >> what about the fragmentation? is it harder for fans to figure out what to watch where? we did see ratings on thursday night football on amazon decline, but they did get a much younger demographic and expect ratings to increase in the second year. what does the fragmentation due to viewership, and how can media companies, tech companies, and leagues manage that?. everyone has a different strategy. amazon is a holistic strategy with transactional elements around merchandising. they need the sports content to draw in the audience. they are getting there now. they have packages on black friday coming up for the nfl. espn isn't part of the traditional ecosystem and now

trying to transition to direct to consumer. have to bells the cash flow model with the existing ecosystem to transition to the new direct to consumer model and getting a partnership strategy to do that with the leaks as well. you also have youtube where they have an nfl strategy as well. you have a merchandising model coming up along the way as well. i think the key thing is having new content emerging that is getting a new audience, whether it is peccable or women sports rights, which is not new content, but really getting more parity with media rights, not just soccer, but the wnba and monetizing at different levels. there is room for repositioning the traditional ecosystems with new partnership behavior. platform players in tech getting a vertical ecosystem in place, like apple with mls, and so on. but also having the surgery and

content across the whole ecosystem. >> you can tell us about all the deals you're working on, but i know you are invested in working on the business of pickle ball, which is very popular right now. you've also donethese media sports deals recently. explain to us how important having both digital and traditional distribution is and how you see the hybrid of that playing into the deals you will make in the future. >> you know, people like to talk about the deals. obviously, there is a lot of competition for dealmaking and transactions. we are part of the ecosystem. but really what we look at is partnership behavior, how you create a line strategy for the long-term that unlocks value. a lot of relationships that we have had for a long time in this industry are was ressure right now. the ecosystem has contracted in certain areas like traditional media. getting to the other side of this equation, whether it is because of what is going on hollywood for the competition for streaming, or in areas like

platforms like espn, how do we unlock value? if there is not a merger because of auditory activity or other things, there may be other asset sales to alleviate pressure, or partnership behavior to create long-term strategies that unlocks value. for us, it is about being part of the ecosystem, paying attention. we are part of a partnership ourselves when it comes to investing or doing business with other banks as well. it is really more of a reliant ecosystem now because we're coming out of hyper fragmentation and people have to start working together again. i am more optimistic about the outcomes versus what it feels like today. >> you really shifted your focus towards alliances and these partnerships. what does that mean for the rest of the media business outside sports? it is a very fragmented

landscape with so many streaming options. >> there is a lot of competition for the consumer. we may have gone too far in direct to consumer, which means that we have to re-bundle in certain areas to package the direct to consumer strategies in media. media has to work together. if it can't merge, maybe it has to re-bundle with partnership activity. there are always other forms of capital to do that. we are open for business when it comes to mergers, and ith regulatory pressures as they are, there are ways to get things done. in the meantime, you have to actually great east ecosystems that are aligned. there are ways to do that with the ceos that exist today for tracking capital and partnerships. you see deals with mls with adidas and apple and attracting lionel messi. it can create a much more balanced model. that is not merger activity, but it is emblematic of how new models can come together.

>> you mentioned the a couple of times. we're hearing a lot about the strikes, the actors strike and writers strike. when i look back at the writers strike from 15 years ago, really did impact the trajectory of the industry and drove the rise of reality tv. that was also a bit focus on sports content at this time. how do you see the strikes impacting the industry, especially if they drag on? how do you think things will shift with the content or alliances that are formed? >> creative industries always are counted out very few years, whether there is pressure because of labor or strikes, but there's always a new model that emerges. before it was the dvd, and now we're looking at content shifts from a was a long-term syndication model to the direct to consumer platform. that i think we will transaction driven content like merchandising. we have seen with the barbie movie from water bottles and mattel that mattel has new ip

house with merchandising. and sports is transaction content with characters attached. i would not count out the creative industries to create new ways to grow. that is a better way of going than cutting everything back. we have to find new models to continue to grow. the creative industries are among the most courageous and creative in the ecosystem. i believe there will be another way of growing versus just cutting back. i am optimistic they will find their way through this. >> that was an optimistic vision of the future of live sports, and also alliances and partnerships, as well as growth after a challenging time for the media industry. that was at the inaugural sports focused the summit in los angeles earlier this week. a really fantastic thing to

participate in. coming up, we will dig into the latest in the chip space, next. >> my cpa told me i wouldn't qualify for the erc tax refund, so i called innovation refunds. their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your small business qualifies.

welcome back to tech check. i am excited to be joined right now by the editor-in-chief editor of platform or. both cnbc contributors and my cohosts for code this year in september. i'm looking forward to that. thanks for being here. enjoy to be on set with you. such an interesting way to round out a week.

really seemed to me like the headline of the week was meta with better-than-expected earnings. i'm curious what you think in terms of whether this is the start of a new phase for meta, or whether this is the peak to justify the 150 or so percentage gains for the stock this year. >> there is a moment in social media right now, and they are seizing it. between the collapse of twitter, all the precatory uncertainty around tiktok, mark zuckerberg has seen a lane and he is zooming down in. >> i agree. the number that jumped out to me was that reals is on pace to be a bigger businessman tiktok. >> $10 billion in revenue. >> just incredible. maybe not more culturally relevant that tiktok, but a brother business. the market is rewarding that and the idea that threads can become a bigger and better business than twitter ever was. they know how to run that business. that is not a new problemfor

the meta boys. they know what they are doing. that is a really exciting moment for the internet, in general, to have a new distribution platform. it doesn't come around very often. >> what was interesting to me about the commentary around threads on the earnings call is they said the innovation of threads really encapsulates why we wanted to have the year of efficiency. we're swimming down, we are leader, faster, more innovative, that is enabling us to get something like threads off the ground with a relatively small team. do you buy that argument? but i do. we have been watching these companies launch huge products with massive teams and go nowhere. i would point specifically to reality labs at meta. a massive project, thousands of engineers lighting money on fire. has a change the world? no. threads is. >> my question about threads, though, is maybe it wasn't successful because it was a leader, faster team innovating, but it was successful because they're building out the success of instagram. they had billions of users already on instagram and could very easily turn them over to

this new app. >> i agree. i don't think this was a story about being lean making the way. there is a huge demand for what twitter used to do in the marketplace. instagram already had built up a graph that you could easily port over to a new thing. i think if you had twice as many people working on threads, it would have been just as successful. probably not much more. >> instagram is the advantage of scale. >> sure is. my belief is that there is a kernel of truth in there. you double the size of the thing, doesn't go faster, it is not more efficient. it is probably noisier and slower to execute. the things they were able to do with threats, get out on market early when they saw the weight limit hit twitter. that is a small team. a big team gets in its own way. >> we also had the headline the came out after meta earnings that the number of threads users has falling off dramatically. they lost more than half the user since the launch. is is a flash in the pan with people wanting to set try

something new and forgetting about a? >> they have a lot of work to do. this is a pretty bare-bones product they ship into the marketplace. it is still me seeing basic features. you can't even really use it on a desktop yet. it is only natural that people bounced off after quickly looking. the real test is how quickly they can shift the features. they have coming out at a pretty steady clip. i am pretty optimistic. >> you mentioned twitter, which we should call x, which it was renamed as of this week. was this a week when it elon musk wanted the conversation to be about him rebranding twitte , and the fact that everyone just talked about meta and their successful earnings. who won the week? >> i think zuckerberg has been winning a lot of these weeks hands-down. elon had a bad week. a big report about tesla range estimates being faked over time. pretty chaotic rebranding of traffic to, including an argument with the band x japan.

you don't want to argue with a rock band. i don't think where the ceo of tesla should be in his life. that you look at how messy the meta product is in general all the time. it is getting messier. at this point, the barbie and oppenheimer movies have been uploaded. you can watch all the super mario brothers. that is why user minutes are going up. i think there is something there that he doesn't have a handle on. trying to get attention is what he's good at. >> one of many things he doesn't have a handle on. >> what is x? it is an everyday app? >> is the future state of interactivity, is what i think. will, elon musk, since the 90s, has wanted to build some kind of super app that involves both

payments, messaging with a new product that apparently will have audio and video. but if any of that mean? we know he has gutted the staff. a lot of people are hanging on just for health insurance. what are the odds he will be able to get any of this out the door? it seems pretty slim. >> someone brought in to manage this company and reassure advertises. she was down in l.a. meeting folks in hollywood to reinsure them about this platform. we will talk to her at the conference in september. i will be curious to see how much this platform changes before then. i wonder what you think is happening in terms of where she is taking the company versus what the vision by elon musk for the broader company that is much more diversified than what twitter has been. >> my understanding is that she is really focused on the advertising business. that is the main reason she was brought in. that is where her talents lie. the rest of it will fall to the chief technical officer, elon musk. i am interested to see how closely those two will be able to work together.

>> a i will be a big focus of the conversation at code. there is no doubt it is a revolutionary innovation, particularly generative a.i. impacting so many different industries. listening to mark zuckerberg, talk about the practical uses of a.i., but also this open source program and the fact that they are partnering with microsoft. do you see meta being a real player? >> there very much shaking things up with lama that you can use for a lot of things basically for free. i think it really will empower a lot of businesses to play around with stuff and try stuff. i will say, though, i'm still not totally clear how this makes money for meta in the long run. >> yakima -- yeah, it is not

actually open-source. they keep saying it, but the actual open-source foundations -- that is not true. open a.i. is not actually open. the a.i. world is littered with people saying things are open when they are not. i think it makes money for meta because of this partnership with microsoft. the idea is to run everything on the microsoft cloud services. open a.i. is we started to microsoft cloud services. this model would be preferred on those services. overtime, as use grows, maybe there is a revenue train. fundamentally, the thing that google and open a.i. are worried about are the open source models. a famous memo from inside of google saying eventually people well. >> you mentioned how a.i. is the real thing and metaverse failed to take off, threads is the thing that is working. but meta is investing so much money into the metaverse. as we see funds like sequoia shift resources away from things like crypto into a.i., with his increasing focus on a.i., what is that at the

expense of? do we see meta eventually say that they won't spend as much on the reality lapse division because they need to divert resources to a.i.? >> the good news for meta this quarter was that the revenue grew quickly enough will that felt like a less pressing question. earlier this year and to feel like maybe they would have to shut down reality labs to go all in on a.i., but now things are looking like they can keep investing. keep in mind, mark zuckerberg wants nothing more than a platform to call lizzo. he wants to own the next generation of hardware, whatever might be. i think you will be extremely reluctant to give up on it, even if it shows slow growth for years. >> he is prefer that we. this is the quarter where they are back. they figure out how to target ads as effective as before part of that he wants to run that game again when apple comes out with the vision pro. he has a good reason to stay hedged against apple with

headsets. i don't know if that is the next iphone. but he sees apple it is market. >> and the metaverse? what happens with the metaverse? >> i don't know. >> the metaverse is having a bad year. [ laughter ] the hardware is bad. the question is, well, when will the hardware be good? he might be five years from now. that is true, we will spend five years saying metaverse is not taking off. i'm still long-term optimistic that you can make a cool computer to put on my face. >> it is a hard call. historically, the only things that of ghana faces were glasses, which have enormously high utility. are very useful. nothing is as useful as glasses. >> we will end if there. thank you for joining s. i am sunday to continue these conversations about a.i. and these other disrupted technologies. the code conference is coming up september 26. i can't wait to cohosted with

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welcome back. chip stocks on the move this week amid better than feared earnings from companies including intel and land research. number suggests pc sales may be

recovering. last night the senate overwhelmingly passing a bill that includes a major provision that would expedite regulatory approval for chip facilities. emily wilkins has the latest. >> chip companies looking to build facilities in the west got a huge win last night after the senate approved an expedited permitting process. conyers allocated $52 billion last year to make more semiconductors in america, but the new money came with the catch, companies would also need to undergo an in depth environmental review process that could delay construction for more than two years. senator mark kelly, who state of arizona will be home to new chip plans, said the proposal cut through red tape to prevent delays while requiring companies to follow clean air and water laws. to avoid the longer permitting process, companies must break ground by next winter or have received a federal loan rather than a grant or have less than

10% of the project covered by federal funds. the bill also allows the commerce secretary to offer specific companies exemptions. the measure passed as part of a larger defense policy bill, but it still has hurdles to clear. the house past their own defense policy bill last week, and now the two sides will need to negotiate a single bill. senator kelly says he is hopeful the final bill will contain the streamlined review for chip manufacturers. back to you. as we had to break, take a look at the earnings scorecard this quarter. we officially reached the halfway point in the earnings viason with 254 companies hang already reported. we will take a look at the top tech results and what is to come, next. >> do you ever worry we'll live forever? no, it's literally never crossed my mind. what if we live to like 100? that's 35 years of being retired.

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where are officially halfway through earnings season. 93% of the tech companies that have reported topping estimates. to recap some of the results, live nation sales skyrocketed amid strong concert demand. a major jump in revenue, and it affects record ticket sales this year. shares fell sharply today on a report that the doj could file an antitrust suit as it is a small claiming that the ticket master parent is abusing his power over the live music industry roku soaring more than 30% today as a says add verticals are beginning to improve. a much smaller than expected loss on a big revenue beat

picketed ward of challenges for the backup for the year, especially around what it calls a muted tv advertising market. and t-mobile is up slightly after posting mixed second quarter results. revenue just shy of estimates, but profits came in ahead of expeditions. the carrier adding 760,000 phone net subscribers and 509,000 high-speed internet customers. on deck next week, uber and airbnb on the state of travel. coming up, what to taylor d thecomeyonci, greta gerwig ane ony have in common? that is coming up next. >> meets bold new thinking. ♪♪ at 87 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley.

welcome back. barbie continuing to top the box office this week. it is expected to rake in nearly 3/4 of $1 billion in ticket sales by sunday. the big money went into making the movie such a big says. warner bros. reportedly putting $150 million behind the marketing. this all showing hollywood how a movie made by women for women can perform. barbie saw the biggest opening weekend ever for a female director. but this is rare, only about a third of the top hundred rosenfeld the 2022 were led by a female protagonist. in some ways, 2023 has been the year of big events targeting the female consumer. we have taylor swift, beyonci■ and barbie. they are all proof that women and girls are a prominent part of the economy and can't, it should be, cater to. let's bring in the founding editor of a ventures.

>> thanks for having me. >> you are very interested and focused on this female consumer. he completed a white paper researching the buying potential. tells about why you wanted to do this paper and what the findings were. >> it is called finding out the, the trillion dollar female economy. the goal is to give the economic case for investing in companies. we are a female consumer driving these billion dollar plus outcomes. we talked a lot about female founders and entrepreneurship, but we have not focused on the female consumer. i think barbie and taylor swift and beyonci■ these are these cultural touchstone moments that show what has been happening for a very long time. >> what does this mean for you as an investor? you are a 15 year veteran of the startup world here in san francisco. now you are putting your

dollars to work in the startup ecosystem. what are the categories where you see big potential right now? >> a ventures is focused on demographic changes changing technology. the increase in female spending power is one of the major changes happening. you look at the $4 billion valuation for our company -like scams or the recent ipo of oddity. these are companies that are out there. you see it in fashion and beauty and retail. but you also see it in healthcare. women are the biggest consumers of healthcare. it is not just fashion, beauty and retail, it is the other categories as well. >> how much do you think the female consumer has been overlooked, and how much of that now creates an investing opportunity for you, but also opportunities for investors in the public markets as some of these larger companies start to cater more directly to the

buying power of these women? >> every few years we do have these little inflection points. a barbie movie comes out or a girls trip movie comes out and people suddenly remember that women have money. my hope is that it becomes a more consistent focus on female consumers. i think that is really, honestly, the way to generate alpha returns. >> tell us about some of your other focuses. you mentioned demographic change. it is notable it is not just about women. what are the other key demographic areas you are focused on? >> firstly is aging and longevity. 10,000 people turning 65 every single day in this country. the rise of the new majority were people of color become the majority in the united states and are already a global majority. gen z is also really

interesting. the future of non-white-collar, non-office work is also really interesting. new technologies like a.i. are really important, but what happens when the technology meets the consumer? that is what i am excited about. >> it is funny that this idea that people could overlook a demographic in terms of women that is half the population, and by many estimates, generate 80% of all buying power. we just saw the headline that there were so many people at the taylor swift concert in seattle that it actually registered as an earthquake, because there were so many people there with so much excitement for this female superstar. looking to the next couple of years, do you think we are going to see a realization of the buying power and more money shifting from the private landscape or the public markets

for this demo? are there any companies, in particular, you are watching right now? >> if investors are smart, yes, you will. i am also okay with him continuing to be a little bit dumb. that gives me more opportunity. but i think the areas i am really excited about are things like the future of non-white collar work. women over index in categories like service jobs and retail jobs and what a.i. will do to those jobs. potentially accelerating poten opportunities here with the demographic shifts monique woodard. thank you so much for joining me today. this has been a special episode of ""techcheck." and now i'm going to pass it over to "last call." right now on "last call," summer heat taking some electric grids to a breaking point. it's not just the temperatures to go. gone in a flash. threads users are down in half her love, don't cost a thing because not jennifer lopez it is a.i. j. lo and it is the star that can change everything for one industry. so much for housing relief home