. >>> good monday morning, welcome to "techcheck," i'm carl quintanilla with jon fortt and deirdre bosa this doesn't happen too often, appearing together at cnbc headquarters. >> you wouldn't believe what dee and i had to do -- >> you've had the card. >> yeah, today the bears are out and they're coming for tech, why one analyst says we are still set up for a rally amazon and the ceo plug power on that acquisition and health care a ambitions, later on apple files a trade mark, netflix considering a pricing change. >>> we begin today with tech stocks getting crushed, nasdaq down more than 1%. we are right around session lows, only six points off of it for the nasdaq and, you know, on friday, carl the markets rallied a brief moment after that hawkish speech and there was this thought that markets had come into more alignment with the fed speech, right after, but there's room to go and the question is, how much more does it have to do? we've got a big week of earnings, too, that will give us some direction and the jobs report on friday. >> maybe some of this is just catching up. fed officia

i'm deirdre bosa with julia boorstin and nilay patel it's still in the green. we have more on disney and bob chapek but first let's get an update with bertha coombs. >> thank you very much more evidence inflation is cooling. the index that's measuring wholesale fell half a percent in july compared to june. it's the first month over month-drop since april of 2020 and while still high, the annual increase is the smatest we've seen since october lower energy prices have played a big role and today thaaa says gas is back below $4 for the first time in five months. warby parker cut its sales forecast for the year as it face as what the top executive calls an uncertain macroeconomic environmental. back over to you julia, deirdre >> thanks. drivenen in large part by resurgence in the company's parks business in an overall beat on disney plus. subscribers joining us now on a cnbc exclusive interview is disney's ceo bob chapek. thanks for vug us on your beautiful campus. >> nice to see you glad to have you here. >> i want to start with streaming and the decision the rai

. >>> good thursday morning, welcome to tech neck i'm deirdre bosa, with david faber going on hour three, welcome, david, carl and john are off today. legacy tech makes a comeback better than expected results what the quarter signals for the overall market softbank struggles continue. we will discuss what that means for how investors are thinking about a tech rebond. bed, bath and be gone. short term stay. ditching the shares as well this morning. is the meme rally over david, kick us off. >> yeah, i don't know. i don't know over for today, at least starting with cisco, that stock as you see, sara just told you, up 6.7%. the company reported fiscal q4 results that were a beat on the top and bottom lines although revenue did decline slightly now, last quarter, cisco stock actually was down sharply. this after the company warned about the impact of the war, of course, between russia and ukraine, and even more importantly, perhaps, at the time, trouble it was something in the supply chain due to lockdowns in china because of covid. the drop took place in the middle of that chart there, in t

"techcheck" starts now >> good wednesday morning, welcome to "techcheck," i'm deirdre bosa in san francisco with jort. carl has the day off this hour plus more on this morning's big moves, roblox gets a reality check. coinbase disappoints even as shares are moving higher and finally getting more bullish on meta why one big name likes it over alphabet we've got a huge show ahead. >> we'll talk a lot of things from the metaverse to crypto, this virtual stuff we'll get a reality check, first roblox seeing a slump this quarter as shares fall after results that disappointed, showed a decrease in daily active users unity, another metaverse name also missing estimates by a wide margin all these results suggest demand for virtual world and virtual currencies is falling. bitcoin is down more than 20% since april. coin base this morning reported a fall in active users similar to roblox along with more than a billion dollars in losses. dee, my question, and we'll get to rahul sut, roblox is trading i think between nine and ten times revenue. it's got this 26 billionish market cap which suggests it's a

." >> good tuesday morning, welcome to "techcheck," i'm carl quintanilla, with jon fortt, deirdre bosa and julia boorstin. stocks sinking again, bouncing off a decline of 400 what is driving down the names to target at the bottom. >>> in the metaverse, what apple's entry into the market means for meta. >>> then later, the ceo of vmware, talking earnings, and the outlook for cloud. >>> we're going to kick of today's feed with a look at big tech, some cracks in the armor begin to show the nasdaq plunges the third day in a row now down more than a percent this morning dom chu. we've seen this reversal, big tech has held up a little better, especially apple but over the last week you've seen the cracks as i said in big tech show. >> not just that those cracks might get even bigger if the economic narrative holds true the way it's playing out right now. we are back in what seemingly is a good news is bad news situation. the economy is getting better. there's more job openings out there. could that mean higher wages, inflation, could that still be an issue all of those things are playing out

. >>> good friday morning, everyone, welcome to "techcheck," i'm deirdre bosa. and with carl quintanilla. welcome back, carl, we missed you. jon is back next week. the nasdaq on pace to break a four-we can win streak is this the end of the bear market rally or are investors headed out early on a summer friday bitcoin crashing, more on that selloff. and brian cohen out of bed bath & beyond, the stock more than 60% off its 52 # week high diving into the mean trade. >>> we're kicking off today's feed with the markets of course, nasdaq may be up 18%, but it's still more than 20% off the record high. was this just another bear market rally that's now coming to an end? joining us this morning, the chief investment strategist, joins us what the weeks to come may bring. i wonder, we're going to get software names next week in terms of earnings. it sounds like that's one area where you think investors should stay focused. >> we like the software space. we think that plays into the megatrends ongoing, amid the macro risks that still remain, as we're seeing play out in the

our deirdre bosa joins us.hole have been called uninvestable in recent months. people have been burned before is the worst behind them >> it doesn't mean they're not going to be burned again yes, there is this notion that at least some of the worst stuff is behind them you've got the reopening and that indication of consumer se sentiment is good for other stocks they're coming off a pretty bad quarter. some of these numbers we've never seen before in terms of how low the growth is historically so there's the opening up. there's also the u.s./china auto deal that is a positive catalyst and that's the reason why you did see the kwebb up this week regulatory overhang. we've seen it with didi especially no one actually ever knows if that has gone away >> yeah, thank you mike, is it a play on china and the reopening? is it a play on just sentiment changing or valuations? how do you look at these stocks? >> it's a play on all of it. what's interesting to me is they operate on a bit of a separate rhythm versus the nas

our deirdre bosa, who's covered wework for years, joins us for more and deirdre, my question is did marcwatch "we crashed" he must have he got a little jealous he didn't have a part in it, sara it's a lot of people, not just wall street buzzing about this a lot of of people in the bay area are kind of scratching their heads and thinking okay, adam neumann may be still this kind of incredible founder and entrepreneur a lot of charm really good pitch man. but if you think that he's been humbled from the experience with wework, why throw another $350 million at him for a company to value it at a billion dollars prelaunch? it feels sort of like deja vu all over again in terms of what the actual business is, flow, we don't know a lot of the details but it does sort of feel like similar to what he was doing with wework. that was for offices but with flow he was trying to bring that same concept to residential living, which is what he was trying to do with welive remember, sara, there was the education part, the living part. that never got off the ground because things fell apart. so now he's d

deirdre bosa is here and brandon ross on one video game stock that's outperforming today let's start with the market. nancy, pretty severe repricing in equities. bonding market says we kinda had this would you take it as an opportunity or warning in terms of what stocks are doing today >> well, you know, one day does not a market make but i get your point, mike. we had been adding risk back to our portfolios back in june. and a week and a half ago, two weeks ago, we cautioned our clients not to throw money in indiscriminately, not to chase the rally and gave ourself that same advice. i do think this can be an opportunity. if we get some sustained volatility to the downside, i think you want to go in and add to those high quality names run by great management teams who have pricing power you've heard it from everyone, dividend growth, reliable earnings growth, because we will slow down and we think we will be in recession in the first half of next year. so the market is going to shift to the companies that can delivery liable earnings by that, just take a look at palo alto networks th

i'm deirdre bosa live from san francisco along with andrew ross sorkin on the east coast carl and jon have the morning off today. the nasdaq is lower today. the major underperformer but up 20% off its june lows as bank of america says it' seeing some of the biggest in-flows into tech seema mody joins us. >> -- led by tech which saw over $2 billion of buying in the last week at the largest amount dating back to 2008 according to bank of america. the net buyers primarily institutional clients, hedge funds after selling the previous week whereas private clients of the bank were net sellers. data shows investors are drawn to large cash which is consistent with what we've seen in the market over the past few weeks. apple, alphabet, microsoft, rebounding considerably from the june low as earnings came in better than expected portfolio manager richard bernstein says the fact we've had consistent inflows makes it hard to argue that sentiment is tremendously negative as some have been arguing, but also puts valuations into focus following a bruising first half of the year the s&p 500 tech sect

deirdre bosa has the day off today paypal surging elliott revealing it has a $2 billion stake. amd and airbnb sliding after their results. a concern for both of those names. another earnings interview, anthony noto, the ceo of sofi will join us in about 30 minutes. investors like the q3 guide. interesting mix of results today, jon >> yeah, carl. we'll start with paypal. shares higher after a beat across the board raising full-year guidance as well revenue up 9% year over year the company did report a net loss compared to a nearly $2 billion profit in 2021 a big focus on cost cutting, expected to reduce spending by $900 million this year, $1.3 billion in 2023. one area they are sharing, the other big news driving the stock, investment from activist elliott. a day after revealing a pinterest position, they've amassed a $2 billion stake in paypal last fall it was rumored those two companies were exploring a merger which had me scratching my head, carl. i wonder what elliott is going to do now with a piece of each of these you mentioned a few minutes ago the big pop in fin tech ove

i'm carl quintanilla with jon fortt and deirdre bosa snap cutting a fifth of its workforce, but the stock is surging. we'll tell you what's behind that reversal in a moment. two sides of the hp coin hpq warns of a significant slow down while hpe forecasts enduring demand. our exclusive with hpe ceo is next b of a likes activist elliott in the name and what it means for future shareholders. guys, got to start with snap this morning, down big in the premarket, but now in the green as they confirm that good scoop yesterday. >> this is a big deal i think, carl, because of -- i don't know if you want to call it a head fake, a crossover, they're cutting 20% of the workforce yet they're saying they're still going to be at a higher level of employees than they were a year ago which means they grew 25% or more in a year they were wrong to do it, right? this is echoes of amazon and what they said about snapping. shopify. we saw this in e-commerce. now we're seeing it expanding into other areas i wonder, dee, how long before this moves outside -- it's really -- the consumer is at the root of all of

i'm deirdre bosa in san francisco with carl quintanilla and jon fortt out east today a breakdown of the consumer across the ecosystem. the top gainer on the s&p as small business demand proves stronger what peloton's new partnership with amazon means for the d to c names as names across the space get a boost. finally, is tiktok ruining the internet more on how it is changing the digital landscape? that's all later this hour. >> we'll start with a read on small business drengt. intuit shares popping on an earnings beat. strong outlook, dividend raising, you can see there, up more than 5% so far this morning. it's the top gainer in the s&p so far this is a prime example of a pandemic name where the fundamentals are continuing to work and the stock -- the stocks aren'tnecessarily the ones tha are going to continue to perform. intuit has benefited over the last couple years as small businesses went digital to survive. it didn't chase trends instead aggressively invested in its core mission, buying companies like credit karma and male mail chimp those are closer to becoming what i would call

techcheck" starts now >>> good monday morning, welcome to "techcheck," i'm carl quintanilla, with deirdre bosa and jon fortt. down 2% today, rough stretch last week as well. got this muddled market message, and sentiment weighing on investors post earnings ahead of jackson hole it's good to be back together. but we have the three-week high and bond selloff, ten-year yield a one month high. >> last six to eight weeks, separate from last week you've seen this rally especially in some of those high growth names and this debate has raged, is this a bear market rally or the start of a bull market, the nasdaq at session lows, jon, with earnings season out of the way, investors are now focused on the macro, on jackson hole, on some of those risk factors. we saw that winning streak muddled last week. >> i was last here about 12 days ago. major indices. what's changed nothing. things are in the same place i know a lot as changed under the covers there, but yeah, i mean, it seems like macro is a big part of what investors have to sift through here we've been hearing for weeks and weeks, here's what a be

." >> thank you very much, deirdre bosa i'm dominic chu in for scott walker today the slow meltup ins is picking up steam is this the start for a new cycle for the market or just maybe another bear market rally? plus, retail, sky-high inflation and the state of the consumer. what the latest earnings report from walmart and home depot are possibly signaling our investment committee today is jason

deirdre bosa is off today. uber revving up guidance while turning cash flow positive for the first time shares enjoying their best day if a couple of years, even with the big loss much more on what its results mean ahead for investors lyft and airbnb later this week pinterest's stocks up double digits, despite growing concern over ad spend. is eliot's veinvestment a reaso for you to buy as well and we'll look at all of tech. and we're going to monitor the situation in taipei, after speaker pelosi lands in taiwan a few moments ago. first some breaking economic to get to and for that, we'll turn to steve liesman. >> good morning, carl. the new york fed's household debt and credit survey showing that inflation is pushing up household debt this stands to reason, as prices rise, the thing that you want to borrow for, that goes up in price as well. so you have to stretch and increase the size of the debt. household debt rising by $312 billion, to $16.1 trillion the 8% increase is one of the bigger ones we've seen las

." >>> good thursday morning, i'm carl quintanilla with deirdre bosa and jon fortt crm might need to force sales, nvidia has a chip on its shoulder peloton, staging a second half turnaround and finally the ceo of sofi is with us, aanthony nodo joins in just about ten minutes. >>> we're going to start with a pair of earnings movers, take a look at snowflake and sales force. revenue did come in above estimates. product rose profit margins, expected 75% for the coming quarter, last time we spoke with the ceo he doubled down to commitment to consumption based model, that strategy appearing to pay off right now on the other hand, salesforce trimming full year estimates for eps and revenue, announcing it will raise prices on slack while the board approves a $10 billion buyback, the first in the company's history, the stock is right now the biggest drag on the dow, up about 130 points we also want to take a quick look at autodesk, that stock popping, and we will seek to the ceo later this hour. mixed set of results here. snow and crm saying different things about enterprise spend, this is w

weekend, everybody, "techcheck" starts now >>> good friday morning, welcome to "techcheck," i'm deirdre bosa in san francisco with jon fortt back at headquarters, three big stories today, of course the fed and jackson hole, all eyes are on the markets as powell promises to lower inflation, the nasdaq is down about 2% at the moment live in wyoming this hour. later, a suitor for electronic arts, deals that took over the street briefly this morning, but does a deal for amazon actually make sense finally, we're going to look at a firm, the stock is getting crushed this morning, the founder and ceo max levchin is going to join us later on in the show. >>> the nasdaq is getting closer to session lows, tech and the growth trade, the obvious underperformers today, there was a thought going into the fed chair's speech that perhaps the markets had come into better alignment with fed speakers, what we've heard from them, over the past two weeks, but jon, maybe not anticipating this much hawkishness, markets still working through this, but powell used words like forcefully using tools to restore price s

i'm deirdre bosa here is what is ahead. stocks are lower, after the fed pivot off the table, where could you find opportunity in this market and what are the technicals felling us about about a next move. and our new series leading up to friday's key employment report we look at jobs in the leisure and hospitality industry plus three b's on earnings exchange we'll get you set for reports from baidu, best buy and big lots but we begin with today's market numbers with the dow lower by about 24 points coming back from the session lows. >> session lows that were a percent to the downside. over 300 points for the dow industrials we're now down 21 points just about flat on the session. the s&p 500, 4,053, down about four to five points on one-tenth of one percent and nasdaq down 57 points roughly one half of 1% at the lows of one day, the composite was down 1.3%. so yes still weaker but well off the worse levels of the session. we'll see if the momentum picks up in this afternoon trade speaking of that technology and the nasdaq t

." >> thank you very much, deirdre bosa i'm dominic chu in for scott walker today the slow meltup in stocks is picking up steam is this the start for a new cycle for the market or just maybe another bear market rally? plus, retail, sky-high inflation and the state of the consumer. what the latest earnings report from walmart and home depot are possibly signaling our investment committee today is jason snipe, jim labor that will and stephanie link and, of course, josh brown at session highs, the dow up for a fifth day, and the nasdaq is almost, just a hair, five basis points away from being in positive territory, but it's just off the lows of the session right now. we're moving higher, and the dow industrials are up about 255 points let's start with our folks in studio stephanie link, is this exciting is this something that the bulls should hang their hats on? are we all in the clear? the lows are real in the rear view mirror at this point? >> well, it's exciting to be here with you, dom there's that but in terms of the markets, i think we're going to shop around maybe between now and

i'm deirdre bosa here is what is ahead.e lower, after the fed pivot off the table, where could you find opportunity in this market and what are the technicals felling us about about a next move. and our new series leading up to friday's key employment report we look at jobs in the leisure and hospitality industry plus three b's on earnings exchange we'll get you set for reports from baidu, best buy and big lots but we begin with today's market numbers with the dow lower by about 2ts

i'm carl quintanilla, jon fortt, deirdre bosa head take or -- markets come off their worst day since june, and what's next with satori funds, dan niles, and feeling the stick of crypto winter, a lot more on you brian armstrong is handling the volatility, an exclusive you don't want to miss this hour don't think we forgot about intel. inside look at the company's new $30 billion deal with brookfield, what it signals for intel, chip industry, and capex. >> we're going to kick off today's feed with duelling stories in software. zoom is plummeting this morning after cutting its outlook for the next quarter and the year. shares are now on pace for their worst month since april. see down, they're more than 13%, cfo warns new paying subscribers proving harder than expected to come by, zoomphone doing fine, though, in the opposite direction, palo alto networks, biggest gainer on the nasdaq this morning, up more than -- the company announcing a three for one stock split set to take effect on september 14th dee, this is sort of a sign of the times, security so important, the moves to the cloud

i'm deirdre bosa in san francisco with carl quintanilla and jon fortt out east today a breakdown of theem. the top gainer on the s&p as small business demand proves stronger what peloton's new partnership with amazon means for the d to c names as names across the space get a boost. finally, is tiktok ruining the internet more on how it is changing the digital landscape? that's all later this hour. >> we'll start with a read on small business drengt. intuit shares popping on a

i'm carl quintanilla, jon fortt, deirdre bosa head take or -- markets come off their worst day since dan niles, and feeling the stick of crypto winter, a lot more on you brian armstrong is handling the volatility, an exclusive you don't want to miss this hour don't think we forgot about intel. inside look at the company's new $30 billion deal with brkf

i'm carl quintanilla with jon fortt and deirdre bosa snap cutting a fifth of its workforce, but the stockwe'll tell you what's behind that reversal in a moment. two sides of the hp coin hpq warns of a significant slow down while hpe forecasts enduring demand. our exclusive with hpe ceo is next b of a likes activist elliott in the name and what it means for future shareholders. guys, got to start with snap this morning, down big in the premarket, but now in th

"techcheck" starts now >> good wednesday morning, welcome to "techcheck," i'm deirdre bosa in san franciscor plus more on this morning's big moves, roblox gets a reality check. coinbase disappoints even as shares are moving higher and finally getting more bullish on meta why one big name likes it over alphabet we've got a huge show ahead. >> we'll talk a lot of things

." >>> good thursday morning, i'm carl quintanilla with deirdre bosa and jon fortt crm might need to chip on its shoulder peloton, staging a second half turnaround and finally the ceo of sofi is with us, aanthony nodo joins in just about ten minutes. >>> we're going to start with a pair of earnings movers, take a look at snowflake and sales force. revenue did come in above

." >> good tuesday morning, welcome to "techcheck," i'm carl quintanilla, with jon fortt, deirdre bosarstin. stocks sinking again, bouncing off a decline of 400 what is driving down the names to target at the bottom. >>> in the metaverse, what apple's entry into the market means for meta. >>> then later, the ceo of vmware, talk

deirdre bosa is off today.ile turning cash flow positive for the first time shares enjoying their best day if a couple of years, even with the big loss much more on what its results mean ahead for investors lyft and airbnb later this week pinterest's stocks up double digits, despite growing concern over ad spend. is eliot's veinvestment a reaso for you to buy as well and we'll look at all of tech. and we're going to monitor the situation in taipei, after

i'm deirdre bosa ahead of a big interview you do not want to miss with ceo bob chapek stock is up afterut the editor in chief to break down all of today's biggest movers, all moving sharply talking about the american

i'm deirdre bosa live from san francisco along with andrew ross sorkin on the east coast carl and jon today. the nasdaq is lower today. the major underperformer but up 20% off its june lows as bank of america says it' seeing some of the biggest in-flows into tech seema mody joins us. >> -- led by tech which saw over

techcheck" starts now >>> good monday morning, welcome to "techcheck," i'm carl quintanilla, with deirdre bosa week as well. got this muddled market message, and sentiment weighing on investors post earnings ahead of jackson hole it's good to be back together. but we have the three-week high and bond selloff, ten-year yield a one month high. >> last six to eight weeks, separate from last week you've seen this rally especially in some of those high growth names and this

. >>> good friday morning, everyone, welcome to "techcheck," i'm deirdre bosa.back, carl, we missed you. jon is back next week. the nasdaq on pace to break a four-we can win streak is this the end of the bear market rally or are investors headed out early on a summer friday bitcoin crashing, more on that selloff. and brian cohen out of bed bath & beyond, the stock more than 60% off its 52 # week high diving into the mean trade. >>> we're kicking of

weekend, everybody, "techcheck" starts now >>> good friday morning, welcome to "techcheck," i'm deirdre bosan san francisco with jon fortt back at headquarters, three big stories today, of course the fed and jackson hole, all eyes are on the markets as powell promises to lower inflation, the nasdaq is down about 2% at the moment live in wyoming this hour. later, a suitor for electronic arts, deals that took over the street briefly this morning, but does a deal for amazon actually make sense finally, we're going to look at a firm, the stock is getting crushed this morning, th

. >>> good thursday morning, welcome to tech neck i'm deirdre bosa, with david faber going on hour three off today. legacy tech makes a comeback better than expected results what the quarter signals for the overall market softbank struggles continue. we will discuss what that means for how investors are thinking about a tech

deirdre bosa has the day off today paypal surging elliott revealing it has a $2 billion stake.ults. a concern for both of those names. another earnings interview, anthony noto, the ceo of sofi will join us in about 30 minutes. investors like the q3 guide. interesting mix of results today, jon >> yeah, carl. we'll start with paypal. shares higher after a beat across the board raisingll

. >>> good monday morning, welcome to "techcheck," i'm carl quintanilla with jon fortt and deirdre bosatoo often, appearing together at cnbc headquarters. >> you wouldn't believe what dee and i had to do -- >> you've had the card. >> yeah, today the bears are out and they're coming for tech, why one analyst says we are still set up for a rally amazon and the ceo plug power on that acquisition and health care a ambitions, later on apple files a trade mark, netflix considering a pricing change. >>> we begin today with tech stocks getting crushed, nasdaq down more than