starts now >>> good monday morning welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today is now the time to double down on growth as tech slumps companies are cutting costs. we'll talk to a ceo who said they should do the opposite. oppenheimer saying now is the time to buy netflix. and the latest company hit by a cyber attack, take-two shares are down this morning. >>> starting with investor worries, the major indices coming off the worst week since june, but we did just tick positive now joining us now is jim cramer wonderful to have you back e you're on a particular mission this week, has to do with tech and how low it can go. >> yes first of all, thank you for having me. this is really important i'm out here obviously for salesforce's dreamforce. i happen to think that tech is under valued i want to know when the fed is going to be done so then the undervaluation turns into buying own say half positions on the stocks salesforce, this stock has been pummelled. the question is, are it pushbacks? are they not getting the orders done finding the business is no good?

i'm deirdre bosa with carl quintanilla and jon fortt today. new lows on the year for the s&p and dow. nasdaq, outperforming for a change top gainers helping the index higher beaten down names like lucid, docusign, nvidia that said, still summer sessions warnings on the street and cathie wood talking outlook earlier this morning on "squawk box." >> we believe we are in a recession. the durable goods orders we just saw really seeing strength there, because of activity being aconttracted to the u.s. flight to safety why the dollar is going up as well nonetheless, we think we are in a recession. >> though she, guys, has conviction to pick up more of those beaten down names in the ark fund like roku and others. for a number of reasons. she thinks inflation will or has already peaked employment lagging she said this as well, guys. the street is so bearish can't argue with that. vix this morning, jon, above 30. some say, though, you need to see the vix above 30 at least a few consecutive days if you want to use it as an indicator to get back in. >> a

. >>> good friday morning, welcome to "tech check," i'm carl quintanilla with deirdre bosa. we've got the volatility playbook this hour big tech cutting back while robinhood expands wh, what that means for stocks the party is over. and an inside look at celsius as the company tries a new hail mary approach to paying back its lenders. >> we've got to start with tech investors, let's call it deja vu, the nasdaq composite down yet again within inches of those june lows. key number to watch here is 10,565 that's just about 300 points away it's been a similar story for all the big tech darlings. take a look at amazon down 7% this week. google is down 4% with meta and microsoft not far behind even the broader markets have felt the impact. the s&p this morning, to 3,600 and forecasting, eventual more pain ahead senior markets commentator, michael santoli. >> the market acts as a proxy for the broader market, only more amplified what we're seeing is higher bond yields globally, and a racing dollar being filtered through to all the valuations of the biggest stocks in the market to me

good tuesday morning, welcome to "techcheck," i'm carl in any event nil la, with jon fortt, and deirdre bosa. nasdaq seeing its longest losing streak since the pandemic began although the s&p and dow have turned around. why tom lee is still bullish. >>> plus, the biggest deal of the year, probably not your first guess, why one of our guests cease to keep an eye on private equity this hour. >>> investors looking for the next read on tech demand, the latest ahead of a big product event for apple tomorrow and even more when we go to code with the ceos of apple, amazon and alpha get set to speak this week, jon. >> carl, let's kick it off, today's feed with the nasdaq in the red yet again. seeing longest losing streak since 2019 senior markets commentator mike santoli joins us to help break down the action. mike >> jon, the macro pressures remain across the market, hitting tech and high valuation growth, most profoundly. take a look this year at the u.s. dollar index compared to the s&p tech sector. pretty consistent inverse correlation, the dollar index moves are less dramatic but not only do yo

i'm carl quintanilla with deirdre bosa and jon fortt the nasdaq is back to levels we saw in june. meta freezing hiring zuckerberg telling employees that the company is cutting budgets across most teams which will lead to layoffs and google planning to shut down gaming service stadia. and micron planning to cut investments by 30% this was earlier this morning on "squawk on the street. >> we are taking actions cutting capex and supply growth for the year >> we talked about this yesterday. i'm not sure we expected the commentary to be so negative across all of the end markets. >> yeah. i'm not entirely surprised and i said yesterday i would be paying close attention to nike. while the numbers for the quarter were not bad, the intentories were bad this is the scenario we've been talking about for weeks. it started with target and walmart. you had inventories of consumer goods sort of at the low end that were sitting there, being inflation impacted the question was would this go through to the middle class consumer, even to the enterprise we're starting to see exactly that what nike te

. >>> good morning, i'm carl quintanilla with deirdre bosa and john ford. today, the worst day since june of 2020, how should investors be repo repositioning? we'll breakdown opportunities in cloud, chips, and fin tech to help weather the volatile pip what's the consumer telling us about the state of the economy we'll talk to brian chesky in a few moments on inflation and how that's impacting spending. and the iphone reviews are out, more on what demand is signaling to investors about where apple might head from here jon, interesting day setting up. >> it is we'll start with the market. nasdaq coming off the worst day since june 11th, 2020. this morning a couple interesting calls in fin tech. ray jay thinks paypal can surge 30% from here, writing quote we have increased confidence, they go from market perform to out perform. b of a said sofi the is the name to buy also about april levels but the street not showing the same love for block. ever core hits with credit, macro trends, reporting to weakness in seller and buy now pay later. we have talked to a lot

i'm deirdre bosa in for kelly evans. stocks are down for the fifth straight day, the nasdaq down. now the worries are piling up. china and covid shutdown, new chips hit -- chips stocks hit by new government restriction we haven't even mentioned jobs yet. the employment report is out tomorrow as you probably know. so will the labor market continue to be strong and what does that mean for the market? plus, we have chips, cyber security and yoga pants coming up in earnings exchange. we will get you ready for all of those reports. first dominic chu and the market numbers. an ugly start for september. we knew it was coming. >>> we're drifting back down to session lows at this point to your point it is riged acros the screen here. we're down 46 points at the lows of the session, we were down 52. at the highs we were still down 19 that's the range, down 46 right now. 3908 the last trade there, figuring out whether we're going to hold these numbers. dow industrials down the composite for the nasdaq 11,557, down 258 points, 2% declines the reason a lot of folks are paying attention 3900, t

cash flow, which is substantial and i think buybacks are definitely going to be on the docket >> deirdre bosarent from the early days of the narrative around uber, right, talking about profitability and free cash flow and buybacks what were your big takeaways >> the reason i asked him that is because investors have been responding well to the profitability drive. one of the first ceos to get out ahead of that market shift and say, we're going to focus on profitability as it relates to free cash flow in the past uber talked about adjusted ebitda. here's the thing, uber's free cash flow, they delivered last quarter, however stock-based compensation was greater some would argue this isn't actually a true reflection of profitability. some companies do buybacks so their existing shareholder base isn't so diluted that's what i was getting at with him he told me in the past, yes, they can achieve real gap net income profitability they're still very far from that, although he's on the path. i guess that's what investors have hopes in. this stock has rallied this is a company that went public at $45 a

i'm deirdre bosa in for kelly evans. stocks are down for the fifth straight day, the nasdaq down.are piling up. china and covid shutdown, new chips hit -- chips stocks hit by new government restriction we haven't even mentioned jobs yet. the employment report is out tomorrow as you probably know. so will the labor market continue to be strong and what does that mean for the market? plus, we have chips, cyber security and

techcheck" starts now ♪ >>> good thursday morning, welcome, i'm carl quintanilla with jon fortt and deirdre bosascattered thunderstorms across the cloud, okta, c3 ai getting crushed down to 20% plus after earnings, talking to two ceos this hour. that stock down 10%, software getting rocked zillionth wisdomtree cloud computing etf down 6%. guys, a big part of this is encapsulating what tom siebel said, that is that customers are scrutinizing large deals, maybe more now than ever before. >> they are, sale cycles lengthening, something we also heard from bill mcdermott at service now several weeks ago. but first of all it's not all the same i want to note nutanix which had earnings, up almost 30%, almost. outperforming there. but, you know, some of these companies have individual challenges, problems, you look at okta, and, you know, integration of an acquisition, not managing the salesforce in the best way, c3 ai is switching to a consumption-based model and dealing with the sales cycles. but i think overall the macroenvironment is having more of an impact on the enterprise, at least at certain le

now >>> good friday morning, welcome to "techcheck," i'm carl quintanilla, with jon fortt and deirdre bosa nasdaq seeing a first positive session in six what it means heading into the fall later on this hour. >>> plus, a terrible week for growth names across cloud, cybersecurity as you know. we'll check in the ceos behind sentinel one, pager duty and smart sheets, three names sha have been caught up in the volatility about their outlook protect throughout the hour. dee, pretty interesting here as we were up 2.75. >> kicking off with that widely watched jobs number. you've been talking about it all morning. markets heading -- some calling it a goldilocks report it's a good thing. as we look at treasury yields, the ten-year, around 3.2 that's obviously good for some of the names we've been talking about all week that have been feeling this pain, that is unprofitable tech, improfitable tech, the clou, the cloud etf down yesterday, a bit of a recovery today, not enough, only less than 1% jon, it will be good to hear from more ceos they're giving us a picture. they're still talking about length

i'm carl quintanilla along with jon fortt and deirdre bosa big lineup so far including google sin draw patch chai, mark cuban talking about the best and worst parts of tech. that's not all tim cook speaking tonight on the heels of that far-out product event this afternoon what it all could mean for the stock later this hour. as the tech volatility continues, more from the c suite exclusive from the ceos of vox and snap jon, one of our favorite times of the year. >> looking forward to it the nasdaq trying to end its longest losing streak since 2016 aztec stocks across the board have taken a hit apple down more than 6% over the last month the biggest drag on the nasdaq yesterday. amazon and microsoft both down 10% or more. even bellwethers like salesforce have erased pandemic gains >> jon, as we said, big week for tech at the code conference. one of the biggish issues, cuts to corporate forecasts the head of alphabet on stage with kara swisher talked about the impact of higher costs, uncertainty and how he want to make the company 20% more productive >> there are a set of positive factor

good tuesday morning, welcome to "techcheck," i'm carl in any event nil la, with jon fortt, and deirdre bosa streak since the pandemic began although the s&p and dow have turned around. why tom lee is still bullish. >>> plus, the biggest deal of the year, probably not your first guess, why one of our guests cease to keep an eye on private equity this hour. >>> investors looking r

i'm deirdre bosa with carl quintanilla and jon fortt today.asdaq, outperforming for a change top gainers helping the index higher beaten down names like lucid, docusign, nvidia that said, still summer sessions warnings on the street and cathie wood talking outlook earlier this morning on "squawk box." >> we believe we are in a recession. the durable goods orders we just saw really seeing strength there, because o

i'm carl quintanilla along with jon fortt and deirdre bosa big lineup so far including google sin drawll tim cook speaking tonight on the heels of that far-out product event this afternoon what it all could mean for the stock later this hour. as the tech volatility continues, more from the c suite exclusive from the

techcheck" starts now ♪ >>> good thursday morning, welcome, i'm carl quintanilla with jon fortt and deirdre bosatered thunderstorms across the cloud, okta, c3 ai getting crushed down to 20% plus after earnings, talking to two ceos this hour. that stock down 10%, software getting rocked zillionth wisdomtree cloud computing etf

now >>> good friday morning, welcome to "techcheck," i'm carl quintanilla, with jon fortt and deirdre bosa first positive session in six what it means heading into the fall later on this hour. >>> plus, a terrible week for growth names across cloud, cybersecurity as you know. we'll check in the ceos behind sentinel one, pager duty and smart sheets, three names sha have been caught up in the volatility about their outlook protect throughout the hour. dee, pretty interesting here as we were up 2.75. >> kicking off with that widely watched jobs

i'm carl quintanilla with deirdre bosa and jon fortt the nasdaq is back to levels we saw in june.e company is cutting budgets across most teams which will lead to layoffs and google planning to shut down gaming service stadia. and micron planning to cut

deirdre bosa is here just how many topics they got through, just with jassy alone and obviously healthg here, whether we're talking amazon, alphabet have a listen. this is what jassy said. >> ity if there's ever a customer experience that needs reinvention, it's health care, and that is part of what we're trying to solve with the one medical acquisition that we're doing. >> now, carl, i like how he framed it as his kids, were kind of amazed -- or that he didn't have the internet and the color tv before that so healthcare will change soism, that the way we do things now will seem foreign. and back to work, too. here's what he had to say. >> it's an evolving work in progress, is what i think. we decided about a year ago that, while people had different opinions on what they thought they were going to want to do coming out of the pandemic, when you spoke in depth with folks, nobody really knew how they were going to feel, but what they do want is some level of control over how they came back to work. so we decided about a year ago that we would allow directors of teams to make the decisio

. >>> good morning, i'm carl quintanilla with deirdre bosa and john ford. should investors be repo repositioning? we'll breakdown opportunities in cloud, chips, and fin tech to help weather the volatile pip what's the consumer telling us about the state of the economy we'll talk to brian chesky in a few moments on inflation and how that's impacting spending. and the iphone reviews are out, more on what demand is signaling to investors about where apple might head from here

. >>> good friday morning, welcome to "tech check," i'm carl quintanilla with deirdre bosa.nhood expands wh, what that means for stocks the party is over. and an inside look at celsius as the company tries a new hail mary approach to paying back its lenders. >> we've got to start with tech investors, let's call it deja

starts now >>> good monday morning welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosas tech slumps companies are cutting costs. we'll talk to a ceo who said they should do the opposite. oppenheimer saying now is the time to buy netflix. and the latest company hit by a cyber attack, take-two shares are down this morning. >>> starting wit